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

Analysts at StockNews.com started coverage on shares of Duluth (NASDAQ:DLTH) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

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

Duluth Price Performance

Shares of NASDAQ DLTH opened at $1.81 on Thursday. The company has a fifty day moving average price of $2.39 and a 200 day moving average price of $3.09. The firm has a market cap of $57.51 million, a PE ratio of -1.83 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. Duluth has a 1-year low of $1.58 and a 1-year high of $4.61.

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 company had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. Research analysts predict that Duluth will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duluth news, Director Brett Lee Paschke purchased 50,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the acquisition, the director now owns 93,801 shares in the company, valued at approximately $169,779.81. The trade was a 114.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 35.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duluth

Several hedge funds and other institutional investors have recently modified their holdings of DLTH. Fruth Investment Management acquired a new stake in shares of Duluth in the 4th quarter worth about $42,000. Taylor & Morgan Wealth Management LLC increased its holdings in Duluth by 47.0% during the 1st quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company’s stock worth $69,000 after purchasing an additional 12,687 shares in the last quarter. Guardian Wealth Management Inc. purchased a new stake in shares of Duluth in the fourth quarter worth approximately $96,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 16,743 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Duluth by 14.2% during the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock valued at $193,000 after buying an additional 7,769 shares during the last quarter. Institutional investors own 24.39% of the company’s stock.

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.