Zacks Investment Research upgraded shares of Duluth (NASDAQ:DLTH) from a sell rating to a hold rating in a research report sent to investors on Monday, Zacks.com reports.

According to Zacks, “Duluth Holdings Inc. provides casual wear, workwear and accessories for men and women. The company markets its products under trademarks, trade names and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Buck Naked, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Company, Duluthflex, Fire Hose, Longtail T, No Polo Shirt and Wild Boar Mocs. Duluth Holdings Inc. is headquartered in Belleville, Wisconsin. “

Several other equities analysts have also recently issued reports on DLTH. Stifel Nicolaus decreased their price target on Duluth from $16.00 to $11.00 and set a hold rating on the stock in a report on Thursday, August 29th. ValuEngine upgraded Duluth from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, BidaskClub upgraded Duluth from a sell rating to a hold rating in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $16.73.

Duluth stock traded down $0.50 during mid-day trading on Monday, hitting $9.18. The stock had a trading volume of 311,134 shares, compared to its average volume of 387,430. The stock has a 50-day simple moving average of $9.09 and a two-hundred day simple moving average of $11.83. The stock has a market capitalization of $270.78 million, a PE ratio of 12.75 and a beta of 0.31. Duluth has a 12 month low of $7.89 and a 12 month high of $32.72. The company has a current ratio of 1.93, a quick ratio of 0.32 and a debt-to-equity ratio of 1.31.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $121.96 million during the quarter, compared to the consensus estimate of $127.33 million. Duluth had a net margin of 2.02% and a return on equity of 7.90%. Duluth’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 EPS. Sell-side analysts expect that Duluth will post 0.61 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its holdings in Duluth by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,083,879 shares of the company’s stock worth $14,730,000 after buying an additional 5,957 shares during the last quarter. BlackRock Inc. boosted its holdings in Duluth by 18.1% during the second quarter. BlackRock Inc. now owns 756,783 shares of the company’s stock worth $10,285,000 after buying an additional 116,235 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Duluth by 15.1% during the second quarter. Vanguard Group Inc. now owns 607,902 shares of the company’s stock worth $8,261,000 after buying an additional 79,550 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Duluth during the second quarter worth about $6,752,000. Finally, Marshall Wace LLP boosted its holdings in Duluth by 1,997.5% during the second quarter. Marshall Wace LLP now owns 321,877 shares of the company’s stock worth $4,374,000 after buying an additional 306,531 shares during the last quarter. Hedge funds and other institutional investors own 41.70% of the company’s stock.

About Duluth

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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