Rating Report: Baird Says Its Time To Downgrade Duluth Holdings (DLTH)

November 30, 2016 - By Dolores Ford

Rating Report:  Baird Says Its Time To Downgrade Duluth Holdings (DLTH)

Duluth Holdings (DLTH) Downgrade

In a a research report made public on Wednesday morning, Baird stated it was downgrading Duluth Holdings (DLTH) stock from a Outperform to a Neutral. The firm has a $39.00 target price on DLTH’s stock.

Duluth Holdings Inc (NASDAQ:DLTH) Ratings Coverage

Out of 3 analysts covering Duluth Trading Co (DLTH), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $35.0 is the highest target while $20.0 is the lowest. The $28.33 average target is -16.48% below today’s ($33.92) stock price. Duluth Trading Co has been the topic of 3 analyst reports since December 15, 2015 according to StockzIntelligence Inc. As per Tuesday, December 15, the company rating was initiated by Robert W. Baird. The stock of Duluth Holdings Inc (NASDAQ:DLTH) earned “Buy” rating by Stifel Nicolaus on Friday, September 2. Wunderlich initiated the shares of DLTH in a report on Tuesday, August 2 with “Buy” rating.

About 80,602 shares traded hands. Duluth Holdings Inc (DLTH) has risen 43.09% since April 27, 2016 and is uptrending. It has outperformed by 37.86% the S&P500.

Analysts await Duluth Holdings Inc (NASDAQ:DLTH) to report earnings on December, 8 after the close.

Duluth Holdings Inc. is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own direct and retail channels. The company has a market cap of $1.02 billion. The Firm operates through two divisions: direct and retail. It has a 40.36 P/E ratio. The Company’s product assortment includes shirts, pants, underwear, outerwear, footwear, accessories and hard goods.

According to Zacks Investment Research, “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.”

DLTH Company Profile

Duluth Holdings Inc., incorporated on October 29, 1986, is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own direct and retail channels. The Firm operates through two divisions: direct and retail. The Company’s product assortment includes shirts, pants, underwear, outerwear, footwear, accessories and hard goods. The Firm offers a range of products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Firm offers products under its Duluth Trading brand name. The Firm also offers Duluthflex Ballroom jeans. The Firm owns and operates a distribution center in Belleville, Wisconsin, which is approximately 115,000 square feet of production and warehouse space.

More notable recent Duluth Holdings Inc (NASDAQ:DLTH) news were published by: Marketwatch.com which released: “Duluth Holdings started at buy with $28 stock price target at Stifel Nicolaus” on October 11, 2015, also Globenewswire.com with their article: “Duluth Holdings Inc. to Report Second Quarter 2016 Financial Results on …” published on August 22, 2016, Globenewswire.com published: “Duluth Holdings Inc. Celebrates Grand Opening of King of Prussia, Pennsylvania …” on October 21, 2016. More interesting news about Duluth Holdings Inc (NASDAQ:DLTH) were released by: Globenewswire.com and their article: “Duluth Holdings Inc. Announces First Quarter Financial Results” published on June 07, 2016 as well as Globenewswire.com‘s news article titled: “Duluth Holdings Inc. Celebrates Grand Opening of New Store in Omaha, Nebraska” with publication date: July 07, 2016.

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