Duluth (NASDAQ:DLTH) Cut to Hold at StockNews.com

Duluth (NASDAQ:DLTH) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Separately, Robert W. Baird decreased their price objective on shares of Duluth from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, December 6th.

Duluth Stock Performance

Duluth stock opened at $3.35 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63. The stock has a market cap of $106.09 million, a PE ratio of -3.38 and a beta of 1.33. The stock has a 50-day moving average of $3.75 and a two-hundred day moving average of $3.72. Duluth has a one year low of $3.09 and a one year high of $5.82.

Institutional Trading of Duluth

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Duluth by 101.6% in the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after acquiring an additional 46,527 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 during the last quarter. Empowered Funds LLC grew 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 purchasing an additional 4,422 shares during the period. GSA Capital Partners LLP raised its stake in shares of Duluth by 288.9% during the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after buying an additional 77,825 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Duluth by 301.7% in the 3rd quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock valued at $155,000 after buying an additional 30,922 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.