StockNews.com Lowers Duluth (NASDAQ:DLTH) to Hold

StockNews.com cut shares of Duluth (NASDAQ:DLTH) from a buy rating to a hold rating in a report issued on Thursday morning.

Duluth Trading Down 3.6 %

NASDAQ:DLTH opened at $4.05 on Thursday. Duluth has a 12 month low of $3.09 and a 12 month high of $5.82. The firm has a market cap of $128.39 million, a price-to-earnings ratio of -9.88 and a beta of 1.34. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $3.72 and its 200-day moving average is $3.91.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.10. The company had revenue of $141.62 million for the quarter, compared to analyst estimates of $132.30 million. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. During the same quarter last year, the firm posted ($0.06) earnings per share. Equities analysts anticipate that Duluth will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Duluth

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Heartland Advisors Inc. acquired a new stake in Duluth during the first quarter worth $1,470,000. Marshall Wace LLP bought a new position in shares of Duluth in the second quarter valued at about $432,000. Dimensional Fund Advisors LP raised its holdings in shares of Duluth by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after buying an additional 64,281 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Duluth in the second quarter valued at about $226,000. Finally, Squarepoint Ops LLC bought a new position in shares of Duluth in the second quarter valued at about $138,000. Institutional investors and hedge funds 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.