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

Stock analysts at StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH - Get Free Report) in a research note issued to investors on Friday. The brokerage set a "hold" rating on the stock.

Separately, Robert W. Baird cut their price target on shares of Duluth from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Friday, December 6th.

Duluth Price Performance

Shares of DLTH traded up $0.01 during mid-day trading on Friday, hitting $2.74. 14,037 shares of the company traded hands, compared to its average volume of 31,763. 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 business has a 50-day moving average of $3.00 and a 200 day moving average of $3.45. Duluth has a one year low of $2.71 and a one year high of $5.08. The stock has a market capitalization of $87.16 million, a price-to-earnings ratio of -2.77 and a beta of 1.33.

Duluth (NASDAQ:DLTH - Get Free Report) last released its earnings results 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, equities analysts expect that Duluth will post -0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DLTH. Madison Investment Advisors LLC acquired a new stake in shares of Duluth in the fourth quarter valued at approximately $2,357,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Duluth by 142.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company's stock worth $862,000 after acquiring an additional 134,520 shares during the period. Tieton Capital Management LLC boosted its position in Duluth by 22.2% during the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company's stock worth $2,242,000 after purchasing an additional 131,895 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Duluth by 288.9% in the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company's stock valued at $394,000 after purchasing an additional 77,825 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Duluth by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company's stock valued at $2,607,000 after purchasing an additional 58,991 shares during the period. 24.39% of the stock is 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.