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

StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH - Free Report) in a research report released on Thursday morning. The firm issued a hold rating on the stock.

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

Duluth Price Performance

NASDAQ DLTH traded up $0.08 on Thursday, reaching $1.87. The company's stock had a trading volume of 9,502 shares, compared to its average volume of 85,974. Duluth has a 52 week low of $1.58 and a 52 week high of $4.61. 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 price of $2.37 and a 200 day moving average price of $3.07. The firm has a market cap of $59.26 million, a PE ratio of -1.86 and a beta of 1.21.

Duluth (NASDAQ:DLTH - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.32). The firm had revenue of $241.27 million for the quarter, compared to analyst estimates of $252.86 million. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. Sell-side analysts expect that Duluth will post -0.56 EPS for the current year.

Insiders Place Their Bets

In related news, Director Brett Lee Paschke acquired 50,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $1.81 per share, with a total value of $90,500.00. Following the completion of the transaction, the director now directly owns 93,801 shares of the company's stock, valued at approximately $169,779.81. The trade was a 114.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 35.32% of the company's stock.

Institutional Trading of Duluth

Several hedge funds and other institutional investors have recently modified their holdings of DLTH. Tieton Capital Management LLC increased its position in shares of Duluth by 22.2% during 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 last quarter. Madison Investment Advisors LLC bought a new position in Duluth during the 4th quarter worth $2,357,000. Barclays PLC raised its stake in Duluth by 101.6% in the third quarter. Barclays PLC now owns 92,318 shares of the company's stock valued at $347,000 after purchasing an additional 46,527 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 16,743 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Duluth by 5.0% in the 4th quarter. Empowered Funds LLC now owns 92,850 shares of the company's stock valued at $287,000 after purchasing an additional 4,459 shares in the last quarter. Institutional investors and hedge funds own 24.39% of the company's stock.

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.