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

Investment analysts at StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

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

Duluth Stock Down 3.6 %

Shares of NASDAQ:DLTH opened at $1.85 on Tuesday. The company has a 50 day moving average price of $2.73 and a two-hundred day moving average price of $3.29. 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 $58.85 million, a PE ratio of -1.87 and a beta of 1.30. Duluth has a 52 week low of $1.84 and a 52 week high of $5.06.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results 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 firm had revenue of $241.27 million during the quarter, compared to analyst estimates of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. Analysts forecast that Duluth will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

Several large investors have recently made changes to their positions in the stock. Madison Investment Advisors LLC acquired a new position in Duluth in the 4th quarter worth $2,357,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Duluth by 142.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after purchasing an additional 134,520 shares in the last quarter. Tieton Capital Management LLC boosted its position in shares of Duluth by 22.2% during the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock worth $2,242,000 after buying an additional 131,895 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Duluth by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock worth $2,607,000 after buying an additional 58,991 shares during the period. Finally, Barclays PLC grew its holdings in shares of Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after buying an additional 46,527 shares in the last quarter. 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.