Duluth (NASDAQ:DLTH) Research Coverage Started at StockNews.com

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

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

Duluth Trading Down 1.5 %

NASDAQ:DLTH opened at $2.71 on Friday. 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’s 50-day simple moving average is $2.95 and its 200 day simple moving average is $3.43. Duluth has a one year low of $2.64 and a one year high of $5.08. The firm has a market capitalization of $86.21 million, a P/E ratio of -2.74 and a beta of 1.33.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts forecast that Duluth will post -0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DLTH. International Assets Investment Management LLC raised its position in shares of Duluth by 301.7% during the 3rd quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock valued at $155,000 after purchasing an additional 30,922 shares during the period. GSA Capital Partners LLP increased its position in Duluth by 288.9% in the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after purchasing an additional 77,825 shares during the last quarter. Empowered Funds LLC lifted its position in Duluth by 5.3% during the third 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 last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Duluth by 142.2% in 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 in the last quarter. Finally, Barclays PLC increased its holdings in shares of Duluth by 101.6% in the 3rd 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 last quarter. 24.39% of the stock is currently owned by 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.