Duluth (NASDAQ:DLTH) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a buy rating in a report released on Monday morning.

Duluth Stock Up 0.3 %

Shares of NASDAQ:DLTH opened at $3.71 on Monday. The company has a market cap of $117.61 million, a price-to-earnings ratio of -9.05 and a beta of 1.34. Duluth has a 12 month low of $3.09 and a 12 month high of $5.85. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $3.63 and a 200 day moving average price of $4.00.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.10. The business had revenue of $141.62 million during the quarter, compared to analyst estimates of $132.30 million. Duluth had a negative return on equity of 5.52% and a negative net margin of 2.35%. During the same period last year, the company earned ($0.06) EPS. As a group, equities research analysts predict that Duluth will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Duluth

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Duluth by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock worth $4,209,000 after purchasing an additional 15,018 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Duluth by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock worth $2,942,000 after buying an additional 64,281 shares during the period. Heartland Advisors Inc. bought a new stake in shares of Duluth during the 1st quarter worth approximately $1,470,000. Marshall Wace LLP purchased a new position in Duluth during the 2nd quarter valued at $432,000. Finally, Empowered Funds LLC grew its position in Duluth by 8.0% in the 1st quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock valued at $382,000 after acquiring an additional 5,775 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Duluth Company Profile

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.