Duluth (NASDAQ:DLTH) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a research note published on Saturday morning. The brokerage issued a hold rating on the stock.

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

Duluth Stock Performance

NASDAQ DLTH opened at $1.80 on Friday. The firm has a market capitalization of $58.73 million, a P/E ratio of -1.82 and a beta of 1.21. Duluth has a 1-year low of $1.58 and a 1-year high of $4.54. 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 business’s 50-day simple moving average is $2.15 and its 200-day simple moving average is $2.94.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data 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 firm had revenue of $241.27 million during the quarter, compared to analyst estimates of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. Equities analysts predict that Duluth will post -0.56 EPS for the current year.

Insider Buying and Selling

In related news, Director Brett Lee Paschke acquired 50,000 shares of Duluth stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the purchase, the director now directly owns 93,801 shares of the company’s stock, valued at $169,779.81. The trade was a 114.15 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC grew its holdings in Duluth by 1.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock worth $863,000 after acquiring an additional 4,459 shares in the last quarter. Empowered Funds LLC grew its holdings in Duluth by 5.0% during the 4th quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock worth $287,000 after acquiring an additional 4,459 shares in the last quarter. Taylor & Morgan Wealth Management LLC grew its holdings in 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 acquiring an additional 5,000 shares in the last quarter. Northern Trust Corp grew its holdings in Duluth by 14.2% during the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock worth $193,000 after acquiring an additional 7,769 shares in the last quarter. Finally, Fruth Investment Management acquired a new position in Duluth during the 4th quarter worth $42,000. 24.39% of the stock is owned by institutional investors and hedge funds.

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.