StockNews.com Begins Coverage on Duluth (NASDAQ:DLTH)

StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH) in a report issued on Sunday. The firm issued a hold rating on the stock.

Separately, Robert W. Baird reduced their target price on Duluth from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, December 6th.

Duluth Stock Up 12.5 %

NASDAQ:DLTH opened at $2.96 on Friday. Duluth has a 12-month low of $2.55 and a 12-month high of $5.08. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $94.17 million, a P/E ratio of -2.99 and a beta of 1.30. The stock’s fifty day simple moving average is $2.90 and its 200-day simple moving average is $3.40.

Institutional Trading of Duluth

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its position in Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after buying an additional 46,527 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Duluth by 142.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after buying an additional 134,520 shares during the period. JPMorgan Chase & Co. raised its position in Duluth by 106.5% during the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock valued at $122,000 after purchasing an additional 16,743 shares in the last quarter. GSA Capital Partners LLP raised its position in Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after purchasing an additional 77,825 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Duluth by 5.0% during the fourth quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock valued at $287,000 after purchasing an additional 4,459 shares in the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

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.