Duluth (NASDAQ:DLTH) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a research note released on Saturday morning. The brokerage issued a hold rating on the stock.

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

Duluth Trading Up 3.4 %

NASDAQ:DLTH opened at $1.80 on Friday. Duluth has a 1 year low of $1.58 and a 1 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 stock has a fifty day moving average price of $2.15 and a two-hundred day moving average price of $2.94. The stock has a market capitalization of $58.73 million, a price-to-earnings ratio of -1.82 and a beta of 1.21.

Duluth (NASDAQ:DLTH) last released its earnings results on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. The business had revenue of $241.27 million during the quarter, compared to analyst estimates of $252.86 million. As a group, sell-side analysts anticipate that Duluth will post -0.56 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brett Lee Paschke purchased 50,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of $1.81 per share, for a total transaction of $90,500.00. Following the completion of the transaction, the director now directly owns 93,801 shares in the company, valued at $169,779.81. This represents a 114.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 42.94% of the company’s stock.

Institutional Trading of Duluth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Taylor & Morgan Wealth Management LLC increased its position in Duluth by 47.0% during the 1st quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company’s stock worth $69,000 after purchasing an additional 12,687 shares in the last quarter. Bridgeway Capital Management LLC increased 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 worth $863,000 after purchasing an additional 4,459 shares in the last quarter. Northern Trust Corp increased its position in Duluth by 14.2% during the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock worth $193,000 after purchasing an additional 7,769 shares in the last quarter. Guardian Wealth Management Inc. purchased a new stake in Duluth during the 4th quarter worth about $96,000. Finally, Dimensional Fund Advisors LP increased its position in Duluth by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock worth $2,607,000 after purchasing an additional 58,991 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Company Profile

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.