StockNews.com Upgrades Duluth (NASDAQ:DLTH) to Buy

Duluth (NASDAQ:DLTH) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Duluth Trading Down 3.6 %

NASDAQ DLTH traded down $0.14 during trading on Tuesday, hitting $3.75. The stock had a trading volume of 45,858 shares, compared to its average volume of 41,847. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $118.76 million, a PE ratio of -8.15 and a beta of 1.33. The firm has a 50 day moving average price of $3.78 and a 200 day moving average price of $3.76. Duluth has a twelve month low of $3.09 and a twelve month high of $5.82.

Institutional Investors Weigh In On Duluth

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of Duluth during the second quarter worth $38,000. Yarger Wealth Strategies LLC purchased a new stake in Duluth during the 2nd quarter worth about $53,000. Virtu Financial LLC acquired a new stake in Duluth in the 1st quarter valued at about $73,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Duluth in the 2nd quarter valued at about $72,000. Finally, Taylor & Morgan Wealth Management LLC grew 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 buying an additional 4,000 shares in the last quarter. 24.39% of the stock is currently owned by institutional investors and hedge funds.

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.