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

Investment analysts at StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Separately, Robert W. Baird cut their target price on shares of 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

Shares of DLTH stock opened at $2.93 on Thursday. Duluth has a 52-week low of $2.73 and a 52-week high of $5.08. The stock has a market cap of $93.21 million, a PE ratio of -2.96 and a beta of 1.33. 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 firm’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $3.47.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. As a group, analysts forecast that Duluth will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Duluth

Several hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised 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 acquiring an additional 4,422 shares during the period. Taylor & Morgan Wealth Management LLC raised its holdings in shares of Duluth by 22.7% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock worth $83,000 after acquiring an additional 5,000 shares during the period. Northern Trust Corp raised its holdings 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 acquiring an additional 7,769 shares during the period. Fruth Investment Management acquired a new stake in shares of Duluth during the fourth quarter worth $42,000. Finally, JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 16,743 shares during the period. 24.39% of the stock is currently owned by institutional investors and hedge funds.

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.