BidaskClub Downgrades Duluth (DLTH) to Sell

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BidaskClub downgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a sell rating in a research report report published on Wednesday morning.

DLTH has been the subject of a number of other reports. ValuEngine lowered shares of Duluth from a buy rating to a hold rating in a report on Tuesday, January 22nd. Zacks Investment Research lowered shares of Duluth from a hold rating to a sell rating in a report on Thursday, February 7th. Finally, DA Davidson lowered shares of Duluth from a buy rating to a neutral rating and decreased their price objective for the stock from $30.00 to $24.00 in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Duluth presently has a consensus rating of Hold and an average price target of $28.25.

DLTH stock opened at $22.06 on Wednesday. Duluth has a 52-week low of $16.52 and a 52-week high of $35.67. The company has a market cap of $666.68 million, a PE ratio of 32.93, a price-to-earnings-growth ratio of 0.91 and a beta of 0.53. The company has a quick ratio of 0.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.78.

In related news, COO Allen L. Dittrich sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $25.47, for a total value of $127,350.00. Following the completion of the transaction, the chief operating officer now directly owns 170,686 shares in the company, valued at approximately $4,347,372.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 74.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DLTH. Legal & General Group Plc raised its holdings in Duluth by 37.9% in the 4th quarter. Legal & General Group Plc now owns 1,801 shares of the company’s stock worth $45,000 after acquiring an additional 495 shares during the last quarter. Advisor Group Inc. raised its stake in Duluth by 219.9% during the 4th quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock valued at $46,000 after buying an additional 1,249 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Duluth by 298.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,185 shares of the company’s stock valued at $78,000 after buying an additional 2,385 shares during the last quarter. Citigroup Inc. raised its stake in Duluth by 237.8% during the 4th quarter. Citigroup Inc. now owns 8,482 shares of the company’s stock valued at $214,000 after buying an additional 5,971 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in Duluth during the 3rd quarter valued at $229,000. Institutional investors own 41.18% 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.

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