Duluth (NASDAQ:DLTH) Stock Rating Upgraded by Singular Research

Duluth (NASDAQ:DLTHGet Free Report) was upgraded by equities researchers at Singular Research to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages have also recently weighed in on DLTH. Robert W. Baird upgraded Duluth from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $2.00 to $7.00 in a research report on Friday, September 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Duluth in a research report on Saturday, September 27th. Finally, Baird R W upgraded Duluth from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $7.00.

View Our Latest Stock Analysis on Duluth

Duluth Stock Performance

NASDAQ:DLTH opened at $3.30 on Monday. The company has a market capitalization of $121.08 million, a P/E ratio of -2.31 and a beta of 1.47. Duluth has a 1 year low of $1.58 and a 1 year high of $4.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 0.29. The business has a fifty day simple moving average of $3.08 and a two-hundred day simple moving average of $2.36.

Duluth (NASDAQ:DLTHGet Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.08. The company had revenue of $131.72 million during the quarter, compared to analysts’ expectations of $124.03 million. Duluth had a negative return on equity of 14.31% and a negative net margin of 7.99%. Duluth has set its FY 2025 guidance at EPS. On average, analysts expect that Duluth will post -0.56 earnings per share for the current year.

Insider Transactions at Duluth

In other news, CFO Heena Agrawal purchased 10,000 shares of the company’s stock in a transaction on Friday, September 26th. The stock was purchased at an average price of $3.50 per share, with a total value of $35,000.00. Following the completion of the purchase, the chief financial officer directly owned 248,093 shares in the company, valued at approximately $868,325.50. This trade represents a 4.20% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 42.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duluth

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after purchasing an additional 29,521 shares during the last quarter. Yarger Wealth Strategies LLC lifted its stake in Duluth by 124.5% during the second 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. Empowered Funds LLC lifted its stake in shares of 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 last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Duluth in the 2nd quarter valued at about $50,000. Institutional investors own 24.39% of the company’s stock.

Duluth Company Profile

(Get Free Report)

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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