Duluth (NASDAQ:DLTH) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a research note published on Saturday morning. The brokerage issued a hold rating on the stock.

Separately, Robert W. Baird decreased their price objective on shares of Duluth from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday, December 6th.

Duluth Price Performance

Duluth stock opened at $2.75 on Friday. Duluth has a 1 year low of $2.64 and a 1 year high of $5.08. The firm has a 50 day moving average price of $2.95 and a 200 day moving average price of $3.43. The company has a market cap of $87.49 million, a price-to-earnings ratio of -2.78 and a beta of 1.33. 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 (NASDAQ:DLTH) last released its earnings results on Thursday, December 5th. The company reported ($0.41) earnings per share (EPS) 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%. Sell-side analysts predict that Duluth will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

Several institutional investors have recently bought and sold shares of DLTH. Madison Investment Advisors LLC purchased a new stake in Duluth during the fourth quarter worth approximately $2,357,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Duluth by 142.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after purchasing an additional 134,520 shares in the last quarter. Tieton Capital Management LLC lifted its position 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 purchasing an additional 131,895 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after purchasing an additional 77,825 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Duluth by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock worth $2,607,000 after purchasing an additional 58,991 shares in the last quarter. 24.39% of the stock is currently owned by hedge funds and other 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.