Duluth (NASDAQ:DLTH) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a report published on Friday. The brokerage issued a hold rating on the stock.

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

Duluth Price Performance

Shares of DLTH opened at $1.87 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16. The company has a market capitalization of $61.01 million, a price-to-earnings ratio of -1.89 and a beta of 1.21. The business’s 50-day moving average is $2.29 and its 200-day moving average is $3.03. Duluth has a fifty-two week low of $1.58 and a fifty-two week high of $4.54.

Duluth (NASDAQ:DLTH) last issued its 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 company had revenue of $241.27 million for the quarter, compared to analyst estimates of $252.86 million. Equities research analysts expect that Duluth will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Brett Lee Paschke bought 50,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the purchase, the director now owns 93,801 shares of the company’s stock, valued at $169,779.81. This represents a 114.15 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 35.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Duluth

A number of institutional investors have recently made changes to their positions in DLTH. Fruth Investment Management acquired a new stake in Duluth in the 4th quarter valued at approximately $42,000. Taylor & Morgan Wealth Management LLC grew its stake in shares of Duluth by 47.0% in the first quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company’s stock worth $69,000 after acquiring an additional 12,687 shares during the last quarter. Guardian Wealth Management Inc. bought a new position in Duluth during the fourth quarter worth $96,000. JPMorgan Chase & Co. raised its stake in Duluth by 106.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock valued at $122,000 after purchasing an additional 16,743 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Duluth by 14.2% in the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock valued at $193,000 after purchasing an additional 7,769 shares during the period. 24.39% of the stock is currently owned by institutional investors.

Duluth Company Profile

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.