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

Investment analysts at StockNews.com started coverage on shares of Duluth (NASDAQ:DLTH) in a research note issued on Sunday. 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 Trading Up 1.5 %

Duluth stock opened at $2.77 on Friday. 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 $2.55 and a 12-month high of $5.08. The firm has a market capitalization of $88.12 million, a price-to-earnings ratio of -2.80 and a beta of 1.30. The firm has a 50 day moving average of $2.91 and a 200 day moving average of $3.41.

Duluth (NASDAQ:DLTH) last released its earnings results 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 net margin of 5.26% and a negative return on equity of 7.28%. As a group, research analysts predict that Duluth will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

Several institutional investors and hedge funds have recently modified their holdings of DLTH. Empowered Funds LLC boosted its position in shares of Duluth by 5.3% during 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 last quarter. Bridgeway Capital Management LLC lifted its stake in Duluth by 1.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock worth $863,000 after purchasing an additional 4,459 shares in the last quarter. Taylor & Morgan Wealth Management LLC boosted its holdings in shares of Duluth by 22.7% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $83,000 after purchasing an additional 5,000 shares during the last quarter. Northern Trust Corp grew its position in shares of Duluth by 14.2% during the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock valued at $193,000 after purchasing an additional 7,769 shares in the last quarter. Finally, Fruth Investment Management bought a new stake in shares of Duluth in the fourth quarter worth about $42,000. Institutional investors 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.