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

Analysts at StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Separately, Robert W. Baird decreased their price objective on Duluth from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, December 6th.

Duluth Stock Down 5.1 %

NASDAQ DLTH opened at $2.63 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. Duluth has a 52 week low of $2.55 and a 52 week high of $5.08. The business’s fifty day simple moving average is $2.90 and its 200-day simple moving average is $3.41. The firm has a market cap of $83.67 million, a PE ratio of -2.66 and a beta of 1.30.

Institutional Trading of Duluth

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fruth Investment Management acquired a new stake in shares of Duluth during the fourth quarter valued at about $42,000. Taylor & Morgan Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 5,000 shares during the last quarter. Guardian Wealth Management Inc. purchased a new position in shares of Duluth during the 4th quarter worth approximately $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 valued at $122,000 after purchasing an additional 16,743 shares during the last quarter. Finally, Northern Trust Corp raised its position in Duluth by 14.2% in the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock valued at $193,000 after purchasing an additional 7,769 shares during the period. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

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.