Duluth (DLTH) Rating Lowered to D+ at TheStreet
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.
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.
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