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

StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a research note issued to investors on Friday. The firm issued a hold rating on the stock.

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

Duluth Stock Performance

NASDAQ DLTH opened at $2.74 on Friday. 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 has a 1-year low of $2.71 and a 1-year high of $5.08. The firm has a market capitalization of $87.16 million, a P/E ratio of -2.77 and a beta of 1.33. The business’s 50-day simple moving average is $3.00 and its 200-day simple moving average is $3.45.

Duluth (NASDAQ:DLTH) last announced its quarterly 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 return on equity of 7.28% and a negative net margin of 5.26%. Equities analysts predict that Duluth will post -0.56 EPS for the current year.

Hedge Funds Weigh In On Duluth

A number of hedge funds have recently added to or reduced their stakes in DLTH. Dimensional Fund Advisors LP boosted its holdings 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 valued at $2,607,000 after acquiring an additional 58,991 shares during the period. Madison Investment Advisors LLC bought a new stake in Duluth in the 4th quarter valued at about $2,357,000. Tieton Capital Management LLC boosted its stake in Duluth by 22.2% during the 4th quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock valued at $2,242,000 after purchasing an additional 131,895 shares during the period. Bridgeway Capital Management LLC grew its position 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Duluth by 13.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock worth $806,000 after purchasing an additional 31,837 shares during the last quarter. Institutional investors and hedge funds 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.