Duluth (NASDAQ:DLTH) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Duluth (NASDAQ:DLTH) from a neutral rating to an outperform rating in a report issued on Friday morning, Marketbeat.com reports. The firm currently has $7.00 price objective on the stock, up from their previous price objective of $2.00.

Separately, Wall Street Zen initiated coverage on shares of Duluth in a report on Tuesday, May 20th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of $7.00.

Duluth Stock Up 5.6%

Shares of NASDAQ:DLTH opened at $3.79 on Friday. The business’s 50 day simple moving average is $2.28 and its two-hundred day simple moving average is $2.12. The firm has a market cap of $142.43 million, a P/E ratio of -2.65 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.22 and a current ratio of 1.35. Duluth has a 52-week low of $1.58 and a 52-week high of $4.66.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.08. The business had revenue of $131.72 million for the quarter, compared to analyst estimates of $124.03 million. Duluth had a negative return on equity of 14.12% and a negative net margin of 7.99%. Duluth has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Duluth will post -0.56 EPS for the current fiscal year.

Institutional Trading of Duluth

A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in shares of Duluth during the 2nd quarter worth approximately $50,000. Yarger Wealth Strategies LLC increased its stake in shares of Duluth by 124.5% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock worth $68,000 after purchasing an additional 17,978 shares during the last quarter. Taylor & Morgan Wealth Management LLC raised its stake in Duluth by 47.0% in the 1st quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company’s stock valued at $69,000 after acquiring an additional 12,687 shares during the period. Goldman Sachs Group Inc. raised its stake in Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after acquiring an additional 29,521 shares during the period. Finally, Empowered Funds LLC raised its stake in Duluth by 9.3% in the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after acquiring an additional 8,597 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

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.