Duluth (NASDAQ:DLTH) Price Target Cut to $2.75 by Analysts at Robert W. Baird

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

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

Duluth Price Performance

Shares of DLTH stock opened at $2.28 on Friday. The company’s 50-day simple moving average is $2.87 and its two-hundred day simple moving average is $3.39. Duluth has a one year low of $2.20 and a one year high of $5.08. The company has a market capitalization of $72.53 million, a P/E ratio of -2.30 and a beta of 1.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share 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 during the quarter, compared to analysts’ expectations of $252.86 million. As a group, equities analysts anticipate that Duluth will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Duluth

A number of hedge funds and other institutional investors have recently bought and sold shares of DLTH. Fruth Investment Management purchased a new stake in Duluth during the fourth quarter valued at approximately $42,000. Taylor & Morgan Wealth Management LLC lifted 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 acquiring an additional 5,000 shares during the last quarter. Guardian Wealth Management Inc. purchased a new stake in Duluth during the fourth quarter valued at approximately $96,000. JPMorgan Chase & Co. lifted its position 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 last quarter. Finally, Northern Trust Corp lifted its position in 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 acquiring an additional 7,769 shares during the last quarter. 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.