Duluth (NASDAQ:DLTH) Upgraded to Buy by StockNews.com

Duluth (NASDAQ:DLTH) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Duluth Price Performance

Shares of NASDAQ DLTH opened at $3.81 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63. Duluth has a 12-month low of $3.09 and a 12-month high of $5.82. The firm’s 50-day moving average price is $3.64 and its 200-day moving average price is $3.96.

Duluth (NASDAQ:DLTH) last announced its earnings results on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.10. Duluth had a negative return on equity of 5.52% and a negative net margin of 2.35%. The firm had revenue of $141.62 million during the quarter, compared to analysts’ expectations of $132.30 million. During the same quarter in the previous year, the business earned ($0.06) EPS. On average, equities research analysts expect that Duluth will post -0.16 EPS for the current year.

Institutional Trading of Duluth

Several institutional investors have recently added to or reduced their stakes in DLTH. International Assets Investment Management LLC bought a new position in shares of Duluth during the second quarter valued at approximately $38,000. Yarger Wealth Strategies LLC purchased a new position in Duluth during the 2nd quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Duluth in the 2nd quarter valued at $72,000. Virtu Financial LLC purchased a new stake in Duluth in the first quarter worth $73,000. Finally, Taylor & Morgan Wealth Management LLC lifted its position in shares of Duluth by 25.0% during the second quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock worth $74,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 24.39% of the company’s stock.

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.