Shares of Duluth Holdings Inc (NASDAQ:DLTH) reached a new 52-week low during trading on Thursday . The stock traded as low as $16.20 and last traded at $16.40, with a volume of 5596 shares changing hands. The stock had previously closed at $16.28.

A number of analysts have issued reports on DLTH shares. BidaskClub raised Duluth from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. ValuEngine raised Duluth from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. DA Davidson raised Duluth from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Thursday, January 24th. They noted that the move was a valuation call. Zacks Investment Research raised Duluth from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Finally, William Blair lowered Duluth from an “outperform” rating to a “market perform” rating and set a $18.90 target price on the stock. in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.38.

The company has a debt-to-equity ratio of 0.78, a current ratio of 2.31 and a quick ratio of 0.29. The company has a market cap of $477.52 million, a PE ratio of 22.50, a P/E/G ratio of 0.89 and a beta of 0.51.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.11). Duluth had a net margin of 4.10% and a return on equity of 16.40%. The business had revenue of $250.54 million during the quarter, compared to analyst estimates of $258.16 million. During the same period last year, the firm posted $0.55 earnings per share. Duluth’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Duluth Holdings Inc will post 0.76 EPS for the current fiscal year.

In other news, COO Allen L. Dittrich sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $25.47, for a total transaction of $127,350.00. Following the transaction, the chief operating officer now directly owns 170,686 shares of the company’s stock, valued at $4,347,372.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 74.90% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of DLTH. Mesirow Financial Investment Management Inc. boosted its holdings in Duluth by 47.1% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 17,677 shares of the company’s stock worth $421,000 after buying an additional 5,657 shares during the last quarter. Legal & General Group Plc raised its position in Duluth by 37.9% in the fourth quarter. Legal & General Group Plc now owns 1,801 shares of the company’s stock valued at $45,000 after purchasing an additional 495 shares during the period. Thrivent Financial for Lutherans raised its position in Duluth by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 323,181 shares of the company’s stock valued at $8,154,000 after purchasing an additional 1,048 shares during the period. D. E. Shaw & Co. Inc. raised its position in Duluth by 502.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 53,469 shares of the company’s stock valued at $1,349,000 after purchasing an additional 44,595 shares during the period. Finally, Bank of America Corp DE raised its position in Duluth by 357.7% in the fourth quarter. Bank of America Corp DE now owns 10,349 shares of the company’s stock valued at $262,000 after purchasing an additional 8,088 shares during the period. 41.18% of the stock is currently owned by institutional investors.

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Duluth Company Profile (NASDAQ:DLTH)

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.

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