Duluth (NASDAQ:DLTH - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.
Separately, Robert W. Baird reduced their price objective on Duluth from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Friday, December 6th.
Read Our Latest Research Report on DLTH
Duluth Stock Performance
Shares of DLTH remained flat at $3.35 during midday trading on Wednesday. The company's stock had a trading volume of 34,052 shares, compared to its average volume of 90,779. The company's fifty day moving average is $3.74 and its 200-day moving average is $3.72. The stock has a market capitalization of $106.09 million, a P/E ratio of -3.38 and a beta of 1.33. Duluth has a 12 month low of $3.09 and a 12 month high of $5.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63.
Institutional Trading of Duluth
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC increased its position in shares of Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company's stock worth $347,000 after acquiring an additional 46,527 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Duluth by 142.2% during the third 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 last quarter. Empowered Funds LLC increased its position 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 last quarter. GSA Capital Partners LLP increased its position in shares of Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company's stock worth $394,000 after acquiring an additional 77,825 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Duluth by 301.7% in the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company's stock valued at $155,000 after buying an additional 30,922 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.
About Duluth
(
Get Free Report)
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.
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