StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH - Free Report) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.
Separately, Robert W. Baird dropped their price target on shares of Duluth from $3.50 to $2.75 and set a "neutral" rating on the stock in a research note on Friday, March 14th.
Read Our Latest Report on DLTH
Duluth Stock Down 9.0 %
Duluth stock traded down $0.17 during mid-day trading on Wednesday, hitting $1.71. The company's stock had a trading volume of 132,999 shares, compared to its average volume of 86,256. Duluth has a 52-week low of $1.58 and a 52-week high of $5.00. The company has a market cap of $54.33 million, a PE ratio of -1.73 and a beta of 1.21. 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 firm's 50 day moving average is $2.55 and its 200 day moving average is $3.18.
Duluth (NASDAQ:DLTH - Get Free Report) last posted its quarterly 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 company had revenue of $241.27 million during the quarter, compared to analysts' expectations of $252.86 million. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. On average, analysts anticipate that Duluth will post -0.56 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Fruth Investment Management acquired a new stake in Duluth in the 4th quarter worth approximately $42,000. Taylor & Morgan Wealth Management LLC lifted its stake in shares of Duluth by 22.7% in the fourth 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 last quarter. Guardian Wealth Management Inc. acquired a new stake in shares of Duluth in the fourth quarter worth $96,000. JPMorgan Chase & Co. boosted 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 buying an additional 16,743 shares during the period. Finally, Northern Trust Corp grew its stake in Duluth by 14.2% in the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company's stock valued at $193,000 after buying an additional 7,769 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company's stock.
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.
Further Reading
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