Duluth (NASDAQ:DLTH) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a research report issued on Monday. The brokerage set 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 note on Friday, March 14th.

Duluth Stock Performance

DLTH stock opened at $1.82 on Monday. The stock’s 50 day simple moving average is $1.97 and its 200 day simple moving average is $2.79. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. Duluth has a 12-month low of $1.58 and a 12-month high of $4.54. The stock has a market capitalization of $59.38 million, a PE ratio of -1.84 and a beta of 1.32.

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 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 for the quarter, compared to the consensus estimate of $252.86 million. As a group, research analysts forecast that Duluth will post -0.56 earnings per share for the current fiscal year.

Insider Activity at Duluth

In other news, Director Brett Lee Paschke purchased 50,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the purchase, the director now directly owns 93,801 shares in the company, valued at $169,779.81. This trade represents a 114.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Duluth

A number of institutional investors and hedge funds have recently made changes to their positions in DLTH. Tieton Capital Management LLC increased its holdings in Duluth by 22.2% during the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock valued at $2,242,000 after buying an additional 131,895 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Duluth during the 4th quarter valued at $2,357,000. Barclays PLC increased its stake in shares of Duluth by 101.6% in the 3rd quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after purchasing an additional 46,527 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Duluth by 106.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after purchasing an additional 16,743 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Duluth by 13.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock worth $806,000 after purchasing an additional 31,837 shares during the period. 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.