Duluth (NASDAQ:DLTH) Coverage Initiated at StockNews.com

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

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

Duluth Stock Performance

NASDAQ:DLTH opened at $1.92 on Tuesday. The company has a market capitalization of $61.08 million, a price-to-earnings ratio of -1.94 and a beta of 1.30. The business has a 50 day moving average of $2.76 and a 200 day moving average of $3.30. 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 has a 1-year low of $1.90 and a 1-year high of $5.06.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $241.27 million for the quarter, compared to analysts’ expectations of $252.86 million. On average, sell-side analysts predict that Duluth will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duluth

A number of large investors have recently added to or reduced their stakes in DLTH. Barclays PLC boosted its holdings in shares of Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after purchasing an additional 46,527 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Duluth by 142.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after buying an additional 134,520 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of Duluth in the 4th quarter worth approximately $2,357,000. JPMorgan Chase & Co. increased its stake in shares of 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 buying an additional 16,743 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Duluth by 5.0% during the fourth quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock valued at $287,000 after acquiring an additional 4,459 shares in the last quarter. 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.