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

Stock analysts at StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

Separately, Robert W. Baird cut their target price 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 Down 3.6 %

NASDAQ:DLTH opened at $1.85 on Tuesday. The firm has a market capitalization of $58.85 million, a price-to-earnings ratio of -1.87 and a beta of 1.30. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. Duluth has a twelve month low of $1.84 and a twelve month high of $5.06. The stock’s 50 day moving average price is $2.73 and its two-hundred day moving average price is $3.29.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DLTH. Fruth Investment Management acquired a new stake in Duluth during the 4th quarter valued at $42,000. Taylor & Morgan Wealth Management LLC raised its position in shares of Duluth by 22.7% in the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $83,000 after purchasing an additional 5,000 shares during the period. Guardian Wealth Management Inc. acquired a new stake in shares of Duluth during the 4th quarter worth about $96,000. JPMorgan Chase & Co. lifted its stake in shares of Duluth by 106.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after buying an additional 16,743 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of 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 buying an additional 7,769 shares during the period. 24.39% of the stock is owned by institutional investors and hedge funds.

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.