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

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

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

Duluth Stock Performance

Shares of DLTH opened at $1.74 on Tuesday. The stock has a market capitalization of $55.35 million, a PE ratio of -1.76 and a beta of 1.30. The business’s fifty day moving average price is $2.71 and its 200 day moving average price is $3.28. 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 12-month low of $1.69 and a 12-month high of $5.00.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) 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 during the quarter, compared to analyst estimates of $252.86 million. Equities research analysts forecast that Duluth will post -0.56 EPS for the current year.

Institutional Trading of Duluth

Several hedge funds have recently added to or reduced their stakes in DLTH. Fruth Investment Management acquired a new position in shares of Duluth during the fourth quarter valued at $42,000. Taylor & Morgan Wealth Management LLC raised its position in shares of Duluth by 22.7% during 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. acquired a new stake in shares of Duluth in the 4th quarter worth approximately $96,000. 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 acquiring an additional 16,743 shares during the period. Finally, Northern Trust Corp lifted its position in Duluth by 14.2% in the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock worth $193,000 after purchasing an additional 7,769 shares during the period. Institutional investors 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.