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

StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH) in a research note published on Monday morning. The brokerage issued a hold rating on the stock.

Separately, Robert W. Baird lowered their price target on Duluth from $3.50 to $2.75 and set a “neutral” rating on the stock in a report on Friday.

Duluth Stock Performance

Shares of DLTH stock opened at $2.20 on Monday. The stock’s 50-day moving average is $2.86 and its two-hundred day moving average is $3.38. The firm has a market cap of $69.99 million, a price-to-earnings ratio of -2.22 and a beta of 1.30. Duluth has a 1 year low of $2.20 and a 1 year high of $5.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data 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 firm had revenue of $241.27 million for the quarter, compared to analysts’ expectations of $252.86 million. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. Analysts predict that Duluth will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Duluth

A number of hedge funds and other institutional investors have recently made changes to their positions in DLTH. 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 during the last quarter. Empowered Funds LLC grew its holdings in shares of Duluth by 5.3% during the third quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after buying an additional 4,422 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Duluth by 142.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after buying an additional 134,520 shares during the last quarter. Barclays PLC grew its holdings in shares of 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. Finally, JPMorgan Chase & Co. boosted its holdings in Duluth by 106.5% in the 3rd 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. Hedge funds and other institutional investors 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.