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

StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a report published on Monday. The brokerage issued a hold rating on the stock.

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

Duluth Price Performance

Shares of DLTH stock opened at $2.10 on Monday. The firm has a market cap of $66.81 million, a P/E ratio of -2.12 and a beta of 1.30. The firm has a fifty day moving average of $2.82 and a two-hundred day moving average of $3.35. 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 1-year low of $2.07 and a 1-year high of $5.08.

Duluth (NASDAQ:DLTH) last announced 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). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. The firm had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. As a group, research analysts anticipate that Duluth will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duluth

Several institutional investors and hedge funds have recently bought and sold shares of DLTH. GSA Capital Partners LLP grew its holdings in shares of Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after purchasing an additional 77,825 shares during the last quarter. Empowered Funds LLC boosted its position in Duluth by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock valued at $332,000 after purchasing an additional 4,422 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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. Barclays PLC increased its position in Duluth by 101.6% in the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after buying an additional 46,527 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Duluth by 106.5% in the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock valued at $122,000 after buying an additional 16,743 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

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.