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

Investment analysts at StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

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

Duluth Price Performance

DLTH opened at $1.89 on Monday. The stock has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $2.80. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. The company has a market cap of $61.67 million, a price-to-earnings ratio of -1.91 and a beta of 1.32. Duluth has a 12-month low of $1.58 and a 12-month high of $4.54.

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

Insider Transactions at Duluth

In other Duluth news, Director Brett Lee Paschke acquired 50,000 shares of Duluth stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the acquisition, the director now 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 filing with the SEC, which is accessible through this hyperlink. 42.94% of the stock is owned by insiders.

Institutional Investors Weigh In On Duluth

Large investors have recently bought and sold shares of the business. Fruth Investment Management bought a new stake in Duluth in the 4th quarter worth about $42,000. Taylor & Morgan Wealth Management LLC increased its holdings in Duluth by 22.7% in the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock worth $83,000 after buying an additional 5,000 shares in the last quarter. Guardian Wealth Management Inc. bought a new stake in Duluth in the 4th quarter worth about $96,000. JPMorgan Chase & Co. increased 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 buying an additional 16,743 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Duluth by 14.2% in the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock worth $193,000 after buying an additional 7,769 shares in the last quarter. 24.39% of the stock is currently owned by 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.