Duluth (DLTH) Stock Rating Lowered by BidaskClub

Duluth (NASDAQ:DLTH) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other analysts also recently issued research reports about the company. ValuEngine downgraded Duluth from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Zacks Investment Research downgraded Duluth from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Finally, DA Davidson downgraded Duluth from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $24.00 in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.25.

Shares of Duluth stock opened at $22.82 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.29 and a current ratio of 2.31. The firm has a market cap of $665.34 million, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 0.89 and a beta of 0.53. Duluth has a 1-year low of $16.52 and a 1-year high of $35.67.

In other news, COO Allen L. Dittrich sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $25.47, for a total value of $127,350.00. Following the sale, the chief operating officer now owns 170,686 shares of the company’s stock, valued at approximately $4,347,372.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 74.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Summit Creek Advisors LLC grew its holdings in shares of Duluth by 25.2% in the 4th quarter. Summit Creek Advisors LLC now owns 407,337 shares of the company’s stock worth $10,277,000 after acquiring an additional 81,872 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Duluth by 8.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the company’s stock worth $5,289,000 after acquiring an additional 12,603 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Duluth in the 4th quarter worth $1,892,000. Vanguard Group Inc grew its holdings in shares of Duluth by 4.1% in the 3rd quarter. Vanguard Group Inc now owns 483,916 shares of the company’s stock worth $15,224,000 after acquiring an additional 18,858 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Duluth by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 483,916 shares of the company’s stock worth $15,224,000 after acquiring an additional 18,858 shares during the last quarter. Institutional investors and hedge funds own 41.18% 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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