Duluth (NASDAQ:DLTH) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a buy rating in a report released on Tuesday.

Duluth Trading Down 8.3 %

Shares of DLTH stock opened at $3.41 on Tuesday. The firm has a market capitalization of $107.99 million, a P/E ratio of -7.41 and a beta of 1.33. Duluth has a 1 year low of $3.09 and a 1 year high of $5.82. The firm’s fifty day simple moving average is $3.77 and its 200 day simple moving average is $3.76. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27.

Institutional Investors Weigh In On Duluth

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in Duluth during the second quarter valued at about $38,000. Yarger Wealth Strategies LLC bought a new stake in shares of Duluth during the second quarter valued at approximately $53,000. Virtu Financial LLC acquired a new position in shares of Duluth in the first quarter valued at $73,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Duluth in the second quarter worth $72,000. Finally, Taylor & Morgan Wealth Management LLC boosted its stake in 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 buying an additional 4,000 shares in the last quarter. Institutional investors own 24.39% 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.