Duluth (NASDAQ:DLTH) Now Covered by StockNews.com

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

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

Duluth Stock Up 1.0 %

DLTH stock traded up $0.02 during trading hours on Monday, reaching $2.12. 24,157 shares of the stock were exchanged, compared to its average volume of 83,234. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16. The company has a market cap of $67.44 million, a price-to-earnings ratio of -2.15 and a beta of 1.30. The firm's 50-day moving average is $2.82 and its 200-day moving average is $3.35. Duluth has a 12 month low of $2.07 and a 12 month high of $5.08.

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 return on equity of 7.28% and a negative net margin of 5.26%. The business had revenue of $241.27 million for the quarter, compared to analyst estimates of $252.86 million. On average, equities research analysts expect that Duluth will post -0.56 earnings per share for the current year.

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Hedge Funds Weigh In On Duluth

Several hedge funds have recently bought and sold shares of the company. Madison Investment Advisors LLC acquired a new stake in shares of Duluth in the 4th quarter valued at approximately $2,357,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Duluth by 142.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company's stock worth $862,000 after purchasing an additional 134,520 shares during the last quarter. Tieton Capital Management LLC raised its holdings in shares of Duluth by 22.2% in the 4th 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 lifted its holdings in Duluth by 288.9% during the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company's stock worth $394,000 after purchasing an additional 77,825 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Duluth by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company's stock worth $2,607,000 after acquiring an additional 58,991 shares during the last quarter. 24.39% of the stock is owned by institutional investors.

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.