Duluth (NASDAQ:DLTH) Stock Rating Upgraded by StockNews.com

Duluth (NASDAQ:DLTH) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Duluth Stock Down 3.6 %

Shares of DLTH traded down $0.14 during mid-day trading on Tuesday, reaching $3.75. The company’s stock had a trading volume of 45,858 shares, compared to its average volume of 41,847. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 0.30. Duluth has a 12-month low of $3.09 and a 12-month high of $5.82. The stock has a market cap of $118.76 million, a PE ratio of -8.15 and a beta of 1.33. The company’s 50 day moving average is $3.78 and its 200 day moving average is $3.76.

Institutional Trading of Duluth

Several institutional investors have recently modified their holdings of DLTH. International Assets Investment Management LLC purchased a new position in shares of Duluth in the 2nd quarter valued at $38,000. Yarger Wealth Strategies LLC acquired a new position in Duluth in the second quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Duluth during the second quarter worth about $72,000. Virtu Financial LLC purchased a new position in shares of Duluth during the first quarter worth about $73,000. Finally, Taylor & Morgan Wealth Management LLC increased 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 purchasing an additional 4,000 shares in the last quarter. Hedge funds and other 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.