Baird downgrades Duluth Holdings stock to Neutral

Published on 10/07/2026 at 03:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales fell 7.80 percent to USD 121.39 million in the second quarter. For Duluth Holdings stock, diluted earnings per share reached USD 0.50.

DLTH, US26443V1017, Illustration mit AI erstellt.

Duluth Holdings stock (ISIN US26443V1017) had a prior close of EUR 3.60 at Lang & Schwarz on October 5, 2026, while Baird cut its rating from Outperform to Neutral and kept a USD 5.00 target on September 4, 2026, according to MarketBeat. The rating change matters because the target stayed unchanged while the recommendation became more cautious.

Baird keeps USD 5.00 target

MarketBeat reports that Robert W. Baird lowered Duluth Holdings from Outperform to Neutral in a research note dated September 4, 2026, and set a USD 5.00 price target. The target remained above the USD 4.10 Nasdaq reference price cited in that report, but the rating change points to a more measured view of the retailer's near-term execution.

Profit improved despite lower sales

Duluth Holdings reported USD 121.39 million in net sales in the second quarter of fiscal 2026, down 7.80 percent from USD 131.72 million a year earlier, according to The Globe and Mail. The same second-quarter report showed net income of USD 18.40 million, compared with USD 1.30 million in the prior-year quarter, while diluted earnings per share reached USD 0.50 versus a USD 0.01 loss estimate.

Adjusted EBITDA rose to USD 27.00 million from USD 12.00 million in the second quarter of fiscal 2026, and fiscal 2026 adjusted EBITDA guidance increased to USD 38.00 million to USD 42.00 million from USD 28.00 million to USD 32.00 million, The Globe and Mail reports. The contrast is clear: sales declined, but profitability improved after USD 16.30 million of tariff refunds supported the quarter.

Stock remains in a broad range

DLTH had a market capitalization of USD 154.3 million as of October 6, 2026. Its Nasdaq 52-week range was USD 2.02 to USD 5.09 on that date, leaving the prior close below the year's upper boundary and above its low.

Prior close remains the market anchor

At Lang & Schwarz, the prior close was EUR 3.60 on October 5, 2026, and the dormant quote carried no valid daily percentage change for October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Duluth Holdings stock.