TheStreet lowered shares of Duluth (NASDAQ:DLTH) from a c rating to a d+ rating in a research note published on Thursday morning.

Several other research firms have also weighed in on DLTH. BMO Capital Markets lowered shares of Duluth from an outperform rating to a market perform rating in a research note on Wednesday, November 1st. Raymond James Financial lowered shares of Duluth from an outperform rating to a market perform rating in a research note on Wednesday, August 23rd. DA Davidson reiterated a buy rating and issued a $25.00 price objective on shares of Duluth in a research note on Wednesday, September 6th. FBR & Co reiterated a buy rating and issued a $26.00 price objective on shares of Duluth in a research note on Wednesday, September 6th. Finally, Robert W. Baird reiterated a buy rating on shares of Duluth in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $22.43.

Duluth (NASDAQ:DLTH) opened at $15.73 on Thursday. The firm has a market cap of $457.70, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 1.17 and a beta of 0.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 0.27. Duluth has a 12 month low of $15.13 and a 12 month high of $27.56.

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

In other news, Director William E. Ferry sold 28,400 shares of the stock in a transaction 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 transaction, the director now owns 2,032 shares in the company, valued at approximately $40,843.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William E. Ferry sold 2,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $19.39, for a total transaction of $38,780.00. Following the transaction, the director now owns 2,032 shares in the company, valued at approximately $39,400.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,200 shares of company stock worth $2,282,090. 70.38% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Duluth during the 3rd quarter worth $158,000. Rhumbline Advisers boosted its holdings in shares of Duluth by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $192,000 after buying an additional 885 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of Duluth during the 2nd quarter worth $242,000. Dupont Capital Management Corp bought a new stake in shares of Duluth during the 2nd quarter worth $280,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Duluth during the 2nd quarter worth $360,000. Institutional investors own 37.48% of the company’s stock.

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Duluth Company Profile

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.

Analyst Recommendations for Duluth (NASDAQ:DLTH)

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