Duluth (NASDAQ:DLTH) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a research report report published on Tuesday. The firm issued a hold rating on the stock.

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

Duluth Stock Down 5.9 %

DLTH opened at $1.74 on Tuesday. The firm has a market cap of $55.35 million, a P/E ratio of -1.76 and a beta of 1.30. The business’s fifty day simple moving average is $2.71 and its 200 day simple moving average is $3.28. Duluth has a 52 week low of $1.69 and a 52 week high of $5.00. 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 (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $241.27 million during the quarter, compared to analyst estimates of $252.86 million. As a group, equities research analysts anticipate that Duluth will post -0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC boosted its position in Duluth by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after purchasing an additional 4,422 shares during the period. Bridgeway Capital Management LLC lifted its position in Duluth by 1.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock worth $863,000 after acquiring an additional 4,459 shares in the last quarter. Taylor & Morgan Wealth Management LLC grew its position in Duluth by 22.7% in 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 in the last quarter. Northern Trust Corp raised its stake 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 during the period. Finally, Fruth Investment Management acquired a new position in shares of Duluth during the fourth quarter worth $42,000. Hedge funds and other 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.