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

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

Separately, Robert W. Baird dropped their price objective on shares of Duluth from $3.50 to $2.75 and set a "neutral" rating for the company in a research note on Friday, March 14th.

Duluth Price Performance

DLTH stock traded up $0.03 during trading on Friday, hitting $1.87. The stock had a trading volume of 3,126 shares, compared to its average volume of 49,644. The company's 50 day moving average price is $2.24 and its two-hundred day moving average price is $3.00. Duluth has a 1-year low of $1.58 and a 1-year high of $4.54. The stock has a market cap of $61.14 million, a price-to-earnings ratio of -1.89 and a beta of 1.21. 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 - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share 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 firm had revenue of $241.27 million during the quarter, compared to analyst estimates of $252.86 million. On average, sell-side analysts forecast that Duluth will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Duluth news, Director Brett Lee Paschke bought 50,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $1.81 per share, with a total value of $90,500.00. Following the transaction, the director now owns 93,801 shares in the company, valued at $169,779.81. This trade represents a 114.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 35.32% of the company's stock.

Institutional Trading of Duluth

A number of institutional investors and hedge funds have recently bought and sold shares of DLTH. Barclays PLC increased its position in Duluth by 101.6% during the 3rd quarter. Barclays PLC now owns 92,318 shares of the company's stock worth $347,000 after purchasing an additional 46,527 shares in the last quarter. JPMorgan Chase & Co. increased its position in Duluth by 106.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company's stock worth $122,000 after purchasing an additional 16,743 shares in the last quarter. Taylor & Morgan Wealth Management LLC increased its position 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. Fruth Investment Management purchased a new position in Duluth in the 4th quarter worth approximately $42,000. Finally, Empowered Funds LLC boosted its holdings in Duluth by 5.0% in the 4th quarter. Empowered Funds LLC now owns 92,850 shares of the company's stock worth $287,000 after acquiring an additional 4,459 shares during the period. Institutional investors and hedge funds 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.