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

StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH - Free Report) in a research report report published on Tuesday. The brokerage issued a hold rating on the stock.

Separately, Robert W. Baird dropped their target price on shares of Duluth from $3.50 to $2.75 and set a "neutral" rating on the stock in a report on Friday, March 14th.

Duluth Trading Down 2.0 %

Shares of NASDAQ DLTH traded down $0.04 during trading on Tuesday, reaching $1.71. The company had a trading volume of 174,038 shares, compared to its average volume of 84,983. Duluth has a 12 month low of $1.61 and a 12 month high of $5.00. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The stock has a market cap of $54.24 million, a P/E ratio of -1.72 and a beta of 1.30. The company's fifty day moving average price is $2.71 and its 200-day moving average price is $3.28.

Duluth (NASDAQ:DLTH - Get Free Report) last announced its 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 net margin of 5.26% and a negative return on equity of 7.28%. The company had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. As a group, research analysts expect that Duluth will post -0.56 earnings per share for the current year.

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Institutional Investors Weigh In On Duluth

A number of hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its position in shares of Duluth by 5.3% during the 3rd 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 period. Bridgeway Capital Management LLC grew its holdings in Duluth by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company's stock worth $863,000 after purchasing an additional 4,459 shares during the period. Taylor & Morgan Wealth Management LLC increased its stake in Duluth by 22.7% in the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company's stock valued at $83,000 after purchasing an additional 5,000 shares in the last quarter. Northern Trust Corp increased its stake in Duluth by 14.2% in the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company's stock valued at $193,000 after purchasing an additional 7,769 shares in the last quarter. Finally, Fruth Investment Management acquired a new position in shares of Duluth during the fourth quarter valued at about $42,000. 24.39% of the stock is currently owned by 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.