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

Stock analysts at StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH - Get Free Report) in a report issued on Saturday. The firm set a "hold" rating on the stock.

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

Duluth Trading Down 3.9 %

NASDAQ DLTH opened at $1.74 on Friday. Duluth has a one year low of $1.58 and a one year high of $4.54. 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 company has a market capitalization of $56.77 million, a price-to-earnings ratio of -1.76 and a beta of 1.21. The company's 50-day simple moving average is $2.17 and its two-hundred day simple moving average is $2.96.

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 the consensus estimate of $0.28 by ($0.32). The business had revenue of $241.27 million for the quarter, compared to analysts' expectations of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. Equities analysts forecast that Duluth will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling at Duluth

In other Duluth news, Director Brett Lee Paschke purchased 50,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $1.81 per share, with a total value of $90,500.00. Following the completion of the acquisition, the director now owns 93,801 shares in the company, valued at $169,779.81. The trade was a 114.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 42.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Duluth

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC raised its holdings in shares of Duluth by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company's stock worth $863,000 after buying an additional 4,459 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 acquiring an additional 4,459 shares during the period. Taylor & Morgan Wealth Management LLC raised its stake 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 acquiring an additional 5,000 shares during the last quarter. Northern Trust Corp raised its stake in 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 acquiring an additional 7,769 shares during the last quarter. Finally, Fruth Investment Management acquired a new stake in Duluth during the 4th quarter worth about $42,000. 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.

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