Shares of Duluth Holdings Inc (NASDAQ:DLTH) hit a new 52-week low on Wednesday . The company traded as low as $15.49 and last traded at $15.57, with a volume of 664300 shares traded. The stock had previously closed at $16.16.

DLTH has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Duluth from a “hold” rating to a “sell” rating in a research report on Monday. Robert W. Baird reiterated a “buy” rating and set a $23.00 price objective on shares of Duluth in a research report on Friday, December 8th. Stifel Nicolaus lowered their price objective on shares of Duluth from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, December 8th. Raymond James Financial reiterated a “hold” rating on shares of Duluth in a research report on Thursday, December 7th. Finally, BMO Capital Markets set a $18.00 price objective on shares of Duluth and gave the stock a “hold” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.43.

The company has a quick ratio of 0.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $470.21, a PE ratio of 29.93, a PEG ratio of 1.20 and a beta of 0.03.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). Duluth had a net margin of 4.16% and a return on equity of 15.23%. The business had revenue of $83.70 million during the quarter, compared to analyst estimates of $84.01 million. During the same quarter last year, the company posted $0.01 earnings per share. The company’s revenue was up 24.9% compared to the same quarter last year. research analysts predict that Duluth Holdings Inc will post 0.67 earnings per share for the current fiscal year.

In other Duluth news, Director William E. Ferry sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total value of $38,780.00. Following the completion of the transaction, the director now directly owns 2,032 shares in the company, valued at approximately $39,400.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $20.10, for a total transaction of $570,840.00. Following the completion of the transaction, the director now owns 2,032 shares of the company’s stock, valued at $40,843.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,200 shares of company stock valued at $2,282,090. Corporate insiders own 70.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN acquired a new position in Duluth in the 3rd quarter valued at approximately $6,275,000. JPMorgan Chase & Co. acquired a new position in Duluth in the 3rd quarter valued at approximately $158,000. Oak Ridge Investments LLC acquired a new stake in shares of Duluth during the third quarter worth $3,548,000. Russell Investments Group Ltd. increased its position in shares of Duluth by 10.2% during the third quarter. Russell Investments Group Ltd. now owns 494,003 shares of the company’s stock worth $10,024,000 after buying an additional 45,643 shares during the period. Finally, Dupont Capital Management Corp increased its position in shares of Duluth by 61.7% during the third quarter. Dupont Capital Management Corp now owns 24,840 shares of the company’s stock worth $504,000 after buying an additional 9,475 shares during the period. Hedge funds and other institutional investors own 37.48% of the company’s stock.

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About Duluth

Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.

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