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

Research analysts at StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

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

Duluth Stock Performance

NASDAQ:DLTH opened at $2.03 on Tuesday. Duluth has a fifty-two week low of $2.03 and a fifty-two week high of $5.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30. The company has a 50 day moving average price of $2.78 and a 200 day moving average price of $3.31. The stock has a market capitalization of $64.58 million, a P/E ratio of -2.05 and a beta of 1.30.

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

Institutional Investors Weigh In On Duluth

Large investors have recently added to or reduced their stakes in the business. Fruth Investment Management purchased a new position in Duluth in the 4th quarter valued at approximately $42,000. Taylor & Morgan Wealth Management LLC grew its stake in 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 purchasing an additional 5,000 shares in the last quarter. Guardian Wealth Management Inc. purchased a new position in shares of Duluth in the 4th quarter valued at about $96,000. JPMorgan Chase & Co. grew its position in shares of Duluth by 106.5% during the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after buying an additional 16,743 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Duluth by 14.2% during the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock worth $193,000 after buying an additional 7,769 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

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.