Duluth (NASDAQ:DLTH) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a report issued on Monday. The firm set a “hold” rating on the stock.

Separately, Robert W. Baird cut their target price on Duluth from $3.50 to $2.75 and set a “neutral” rating for the company in a research note on Friday, March 14th.

Duluth Price Performance

Duluth stock opened at $2.09 on Monday. Duluth has a 12 month low of $2.07 and a 12 month high of $5.08. The stock’s 50 day moving average is $2.84 and its 200-day moving average is $3.36. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $66.49 million, a price-to-earnings ratio of -2.11 and a beta of 1.30.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.32). The company had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. Equities research analysts expect that Duluth will post -0.56 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in shares of Duluth by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after buying an additional 4,422 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Duluth by 1.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock worth $863,000 after buying an additional 4,459 shares in the last quarter. Taylor & Morgan Wealth Management LLC boosted its holdings in shares of Duluth by 22.7% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock worth $83,000 after buying an additional 5,000 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Duluth by 14.2% in the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock worth $193,000 after purchasing an additional 7,769 shares in the last quarter. Finally, Fruth Investment Management bought a new position in shares of Duluth in the 4th quarter worth $42,000. 24.39% of the stock is owned by institutional investors.

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.