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

Equities research analysts at StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.

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

Duluth Stock Down 3.9 %

Shares of NASDAQ:DLTH opened at $1.74 on Friday. The stock’s 50-day moving average price is $2.17 and its 200-day moving average price is $2.95. Duluth has a 12-month low of $1.58 and a 12-month high of $4.54. The stock has a market capitalization of $56.77 million, a P/E ratio of -1.76 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30.

Duluth (NASDAQ:DLTH) last posted its 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 return on equity of 7.28% and a negative net margin of 5.26%. The business had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. On average, equities analysts anticipate that Duluth will post -0.56 earnings per share for the current year.

Insiders Place Their Bets

In other Duluth news, Director Brett Lee Paschke bought 50,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the completion of the acquisition, the director now owns 93,801 shares of the company’s stock, valued at approximately $169,779.81. This trade represents a 114.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 42.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duluth

Large investors have recently made changes to their positions in the business. Tieton Capital Management LLC lifted its holdings 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 valued at $2,242,000 after purchasing an additional 131,895 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Duluth during the fourth quarter valued at approximately $2,357,000. Barclays PLC lifted 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 valued at $347,000 after purchasing an additional 46,527 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 16,743 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 acquiring an additional 31,837 shares during the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

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.