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

Analysts at StockNews.com started coverage on shares of Duluth (NASDAQ:DLTH) in a report issued on Thursday. The firm set a “hold” rating on the stock.

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

Duluth Stock Performance

Shares of DLTH stock opened at $2.91 on Thursday. The company’s fifty day moving average price is $3.08 and its 200-day moving average price is $3.48. The stock has a market cap of $92.57 million, a PE ratio of -2.94 and a beta of 1.33. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. Duluth has a 12 month low of $2.73 and a 12 month high of $5.08.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. On average, equities analysts expect that Duluth will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Duluth

A number of large investors have recently added to or reduced their stakes in DLTH. Fruth Investment Management purchased a new stake in shares of Duluth during the 4th quarter valued at about $42,000. Taylor & Morgan Wealth Management LLC grew its position in Duluth by 22.7% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $83,000 after buying an additional 5,000 shares during the period. JPMorgan Chase & Co. increased 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 buying an additional 16,743 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Duluth by 301.7% during the third 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 last quarter. Finally, Empowered Funds LLC raised its position in Duluth by 5.3% in the third 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 period. 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.