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

StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH) in a research report released on Friday morning. The brokerage 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 on the stock in a research report on Friday, December 6th.

Duluth Stock Performance

Duluth stock opened at $2.74 on Friday. The stock’s 50 day simple moving average is $3.00 and its two-hundred day simple moving average is $3.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30. The stock has a market cap of $87.16 million, a price-to-earnings ratio of -2.77 and a beta of 1.33. Duluth has a fifty-two week low of $2.71 and a fifty-two week high of $5.08.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.13). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. As a group, analysts expect that Duluth will post -0.56 earnings per share for the current fiscal year.

Institutional Trading of Duluth

A number of hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its position in shares of Duluth by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after purchasing an additional 4,422 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Duluth by 1.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock worth $863,000 after purchasing an additional 4,459 shares in the last quarter. Taylor & Morgan Wealth Management LLC boosted its position 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 purchasing an additional 5,000 shares in the last quarter. Northern Trust Corp boosted its position in shares of Duluth by 14.2% in the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock worth $193,000 after purchasing an additional 7,769 shares in the last quarter. Finally, Fruth Investment Management bought a new stake in shares of Duluth in the 4th quarter worth approximately $42,000. 24.39% of the stock is 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.