StockNews.com Begins Coverage on Duluth (NASDAQ:DLTH)

Equities researchers at StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

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

Duluth Trading Down 4.0 %

NASDAQ:DLTH opened at $1.67 on Wednesday. The company has a market capitalization of $53.06 million, a P/E ratio of -1.69 and a beta of 1.30. The stock’s 50 day moving average price is $2.63 and its 200 day moving average price is $3.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30. Duluth has a 52 week low of $1.58 and a 52 week high of $5.00.

Duluth (NASDAQ:DLTH) last announced 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 return on equity of 7.28% and a negative net margin of 5.26%. The business had revenue of $241.27 million for the quarter, compared to analyst estimates of $252.86 million. On average, research analysts forecast that Duluth will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Duluth

A number of hedge funds have recently bought and sold shares of the company. Madison Investment Advisors LLC bought a new stake in Duluth during the 4th quarter valued at approximately $2,357,000. Tieton Capital Management LLC lifted its holdings in shares of Duluth by 22.2% during the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock worth $2,242,000 after buying an additional 131,895 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Duluth by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock valued at $2,607,000 after acquiring an additional 58,991 shares during the period. Barclays PLC grew 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Duluth by 13.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock worth $806,000 after acquiring an additional 31,837 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.