Robert W. Baird Cuts Duluth (NASDAQ:DLTH) Price Target to $3.50

Duluth (NASDAQ:DLTH) had its price target cut by Robert W. Baird from $4.00 to $3.50 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, StockNews.com upgraded shares of Duluth from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd.

Duluth Price Performance

NASDAQ DLTH opened at $3.40 on Friday. The company has a 50 day simple moving average of $3.77 and a 200-day simple moving average of $3.74. Duluth has a 52-week low of $3.09 and a 52-week high of $5.82. The firm has a market capitalization of $107.68 million, a price-to-earnings ratio of -3.43 and a beta of 1.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 0.30.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DLTH. Taylor & Morgan Wealth Management LLC lifted its stake in shares of Duluth by 25.0% in the second quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock worth $74,000 after buying an additional 4,000 shares during the last quarter. Empowered Funds LLC lifted its position in Duluth by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after acquiring an additional 4,422 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Duluth during the second quarter valued at about $38,000. Yarger Wealth Strategies LLC bought a new stake in Duluth during the second quarter valued at about $53,000. Finally, Vanguard Group Inc. grew its position in shares of Duluth by 1.8% in the first quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after purchasing an additional 15,018 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

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.