Robert W. Baird Cuts Duluth (NASDAQ:DLTH) Price Target to $2.75

Duluth (NASDAQ:DLTH - Free Report) had its price objective reduced by Robert W. Baird from $3.50 to $2.75 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, StockNews.com assumed coverage on shares of Duluth in a research report on Sunday, March 9th. They issued a "hold" rating on the stock.

Duluth Stock Performance

Shares of DLTH stock traded down $0.25 during trading on Friday, hitting $2.28. The company's stock had a trading volume of 162,460 shares, compared to its average volume of 36,455. The company has a market cap of $72.53 million, a PE ratio of -2.30 and a beta of 1.30. 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 fifty day moving average of $2.87 and a 200-day moving average of $3.39. Duluth has a 52 week low of $2.20 and a 52 week high of $5.08.

Duluth (NASDAQ:DLTH - Get Free Report) last issued its quarterly earnings data 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). Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. The company had revenue of $241.27 million for the quarter, compared to analysts' expectations of $252.86 million. As a group, research analysts anticipate that Duluth will post -0.56 earnings per share for the current year.

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Institutional Trading of Duluth

Several hedge funds and other institutional investors have recently bought and sold shares of DLTH. Empowered Funds LLC increased its stake in shares of Duluth by 5.3% in the third quarter. Empowered Funds LLC now owns 88,391 shares of the company's stock worth $332,000 after buying an additional 4,422 shares during the period. Bridgeway Capital Management LLC raised its position in Duluth by 1.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company's stock valued at $863,000 after purchasing an additional 4,459 shares during the last quarter. Taylor & Morgan Wealth Management LLC lifted its holdings in Duluth by 22.7% in the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company's stock worth $83,000 after buying an additional 5,000 shares during the period. Northern Trust Corp grew its position in shares of Duluth by 14.2% in the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company's stock worth $193,000 after buying an additional 7,769 shares during the last quarter. Finally, Fruth Investment Management bought a new stake in shares of Duluth in the 4th quarter worth approximately $42,000. Institutional investors 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.