Zacks Investment Research Downgrades Duluth (DLTH) to Sell

Duluth (NASDAQ:DLTH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Duluth Holdings Inc. provides casual wear, workwear and accessories for men and women. The company markets its products under trademarks, trade names and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Buck Naked, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Company, Duluthflex, Fire Hose, Longtail T, No Polo Shirt and Wild Boar Mocs. Duluth Holdings Inc. is headquartered in Belleville, Wisconsin. “

Several other analysts have also recently weighed in on DLTH. ValuEngine cut Duluth from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. DA Davidson cut Duluth from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $24.00 in a report on Wednesday, March 6th. BidaskClub cut Duluth from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 22nd. Finally, TheStreet upgraded Duluth from a “c+” rating to a “b” rating in a report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.25.

NASDAQ:DLTH opened at $22.40 on Wednesday. The stock has a market cap of $657.91 million, a PE ratio of 33.43, a PEG ratio of 0.89 and a beta of 0.53. The company has a current ratio of 2.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.78. Duluth has a 1-year low of $15.95 and a 1-year high of $35.67.

In related news, COO Allen L. Dittrich sold 5,000 shares of Duluth stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 170,686 shares of the company’s stock, valued at $4,347,372.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 74.90% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in shares of Duluth by 37.9% in the fourth 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 period. Thrivent Financial for Lutherans lifted its stake in shares of Duluth by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 323,181 shares of the company’s stock worth $8,154,000 after acquiring an additional 1,048 shares during the period. Advisor Group Inc. lifted its stake in shares of Duluth by 219.9% in the fourth quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock worth $46,000 after acquiring an additional 1,249 shares during the period. Barclays PLC lifted its stake in shares of Duluth by 8.9% in the fourth quarter. Barclays PLC now owns 20,663 shares of the company’s stock worth $521,000 after acquiring an additional 1,688 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Duluth by 298.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 3,185 shares of the company’s stock worth $78,000 after acquiring an additional 2,385 shares during the period. 41.18% of the stock is currently owned by 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.

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