Duluth (NASDAQ:DLTH) Lowered to “Hold” Rating by StockNews.com

Duluth (NASDAQ:DLTH) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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

Duluth Price Performance

NASDAQ:DLTH opened at $3.35 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. Duluth has a 52 week low of $3.09 and a 52 week high of $5.82. The stock’s 50-day moving average price is $3.75 and its 200-day moving average price is $3.72. The stock has a market capitalization of $106.09 million, a PE ratio of -3.38 and a beta of 1.33.

Institutional Investors Weigh In On Duluth

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Duluth by 1.8% in the first quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after acquiring an additional 15,018 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Duluth by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after purchasing an additional 64,281 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Duluth by 142.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after purchasing an additional 134,520 shares in the last quarter. Marshall Wace LLP acquired a new stake in Duluth during the 2nd quarter worth $432,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after buying an additional 77,825 shares in the last quarter. 24.39% of the stock is currently owned by institutional investors and hedge funds.

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.