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

Analysts at StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a report released on Thursday. The firm set a “hold” rating on the stock.

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

Duluth Trading Up 19.5 %

Duluth stock opened at $2.08 on Thursday. Duluth has a one year low of $1.58 and a one year high of $4.84. The business’s fifty day moving average is $2.43 and its 200 day moving average is $3.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16. The stock has a market capitalization of $66.09 million, a PE ratio of -2.10 and a beta of 1.21.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). The company had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. On average, sell-side analysts predict that Duluth will post -0.56 EPS for the current year.

Insiders Place Their Bets

In related news, Director Brett Lee Paschke acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average price of $1.81 per share, with a total value of $90,500.00. Following the completion of the purchase, the director now directly owns 93,801 shares of the company’s stock, valued at $169,779.81. This represents a 114.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 35.32% of the company’s stock.

Institutional Investors Weigh In On Duluth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLTH. Tieton Capital Management LLC boosted its position in shares of Duluth by 22.2% in 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 during the period. Barclays PLC boosted its holdings in Duluth by 101.6% in the 3rd quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after buying an additional 46,527 shares during the period. Madison Investment Advisors LLC purchased a new stake in Duluth in the 4th quarter worth $2,357,000. JPMorgan Chase & Co. increased its stake in Duluth by 106.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after buying an additional 16,743 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in 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 during the period. 24.39% of the stock is 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.