StockNews.com Initiates Coverage on Duluth (NASDAQ:DLTH)

StockNews.com assumed 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 target price on Duluth from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Friday, December 6th.

Duluth Stock Down 1.4 %

Shares of Duluth stock opened at $2.75 on Friday. Duluth has a 1 year low of $2.64 and a 1 year high of $5.08. 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 company has a market capitalization of $87.49 million, a P/E ratio of -2.78 and a beta of 1.33. The business has a 50-day moving average of $2.96 and a two-hundred day moving average of $3.43.

Duluth (NASDAQ:DLTH) last announced its earnings results on Thursday, December 5th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. As a group, equities analysts predict that Duluth will post -0.56 EPS for the current year.

Hedge Funds Weigh In On Duluth

A number of large investors have recently bought and sold shares of DLTH. Madison Investment Advisors LLC acquired a new position in Duluth during the fourth quarter worth $2,357,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Duluth by 142.2% during 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 last quarter. Tieton Capital Management LLC grew its holdings in shares of Duluth by 22.2% in the 4th quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock valued at $2,242,000 after acquiring an additional 131,895 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Duluth by 288.9% in the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after acquiring an additional 77,825 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Duluth by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock worth $2,607,000 after acquiring an additional 58,991 shares in 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.