Duluth (NASDAQ:DLTH) Earns Hold Rating from Analysts at StockNews.com

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

Separately, Robert W. Baird lowered their price target on shares of Duluth from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Friday, December 6th.

Duluth Stock Performance

Shares of Duluth stock traded down $0.15 during trading on Friday, hitting $2.56. 60,847 shares of the company's stock were exchanged, compared to its average volume of 31,562. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30. The business has a 50-day simple moving average of $2.93 and a 200-day simple moving average of $3.42. Duluth has a 52-week low of $2.55 and a 52-week high of $5.08. The stock has a market capitalization of $81.44 million, a price-to-earnings ratio of -2.59 and a beta of 1.30.

Duluth (NASDAQ:DLTH - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.13). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. On average, research analysts forecast that Duluth will post -0.56 EPS for the current year.

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Institutional Investors Weigh In On Duluth

Large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake 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 buying an additional 46,527 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Duluth by 142.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company's stock valued at $862,000 after purchasing an additional 134,520 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Duluth by 106.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company's stock valued at $122,000 after purchasing an additional 16,743 shares during the last quarter. Empowered Funds LLC increased its position 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 during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Duluth by 288.9% in the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company's stock valued at $394,000 after purchasing an additional 77,825 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other 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.