Wall Street Zen Begins Coverage on Duluth (NASDAQ:DLTH)

Wall Street Zen started coverage on shares of Duluth (NASDAQ:DLTH) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the stock.

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

Duluth Stock Performance

DLTH stock opened at $1.98 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm has a market cap of $64.60 million, a PE ratio of -2.00 and a beta of 1.32. The business has a 50 day moving average of $1.85 and a 200-day moving average of $2.70. Duluth has a 12-month low of $1.58 and a 12-month high of $4.53.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $241.27 million during the quarter, compared to analysts’ expectations of $252.86 million. As a group, sell-side analysts expect that Duluth will post -0.56 earnings per share for the current year.

Insider Transactions at Duluth

In other news, Director Brett Lee Paschke purchased 50,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average price of $1.81 per share, with a total value of $90,500.00. Following the transaction, the director now directly owns 93,801 shares of the company’s stock, valued at approximately $169,779.81. This represents a 114.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duluth

Several large investors have recently added to or reduced their stakes in DLTH. Madison Investment Advisors LLC purchased a new stake in Duluth during the fourth quarter valued at about $2,357,000. Tieton Capital Management LLC increased its stake in shares of Duluth by 22.2% in the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock worth $2,242,000 after purchasing an additional 131,895 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Duluth by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock valued at $2,607,000 after purchasing an additional 58,991 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Duluth by 13.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock valued at $806,000 after buying an additional 31,837 shares in the last quarter. Finally, Guardian Wealth Management Inc. purchased a new stake in shares of Duluth during the 4th quarter valued at approximately $96,000. Hedge funds and other 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.