Robert W. Baird Cuts Duluth (NASDAQ:DLTH) Price Target to $2.75

Duluth (NASDAQ:DLTH) had its price target cut by Robert W. Baird from $3.50 to $2.75 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, StockNews.com assumed coverage on shares of Duluth in a report on Sunday, March 9th. They issued a “hold” rating for the company.

Duluth Price Performance

Shares of NASDAQ:DLTH opened at $2.28 on Friday. The company’s fifty day moving average is $2.87 and its two-hundred day moving average is $3.39. 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 12-month low of $2.20 and a 12-month high of $5.08. The company has a market cap of $72.53 million, a P/E ratio of -2.30 and a beta of 1.30.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $252.86 million. Equities analysts expect that Duluth will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duluth

A number of large investors have recently bought and sold shares of DLTH. Barclays PLC boosted its holdings in Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock valued at $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% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after acquiring an additional 134,520 shares during the period. JPMorgan Chase & Co. boosted its holdings in Duluth by 106.5% during the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock valued at $122,000 after acquiring an additional 16,743 shares during the period. GSA Capital Partners LLP boosted its holdings in Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after acquiring an additional 77,825 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Duluth by 5.0% during the fourth quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock valued at $287,000 after acquiring an additional 4,459 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.