Duluth (NASDAQ:DLTH) Cut to Hold at StockNews.com

StockNews.com lowered shares of Duluth (NASDAQ:DLTH) from a buy rating to a hold rating in a research report report published on Wednesday.

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

Duluth Stock Performance

DLTH stock opened at $3.42 on Wednesday. The firm has a market cap of $108.79 million, a PE ratio of -3.45 and a beta of 1.33. The company has a current ratio of 1.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $3.73 and a 200-day moving average price of $3.71. Duluth has a 1-year low of $3.09 and a 1-year high of $5.82.

Institutional Investors Weigh In On Duluth

Several hedge funds and other institutional investors have recently bought and sold shares of DLTH. Barclays PLC grew its stake in shares of Duluth by 101.6% in the 3rd quarter. Barclays PLC now owns 92,318 shares of the company’s stock valued at $347,000 after buying an additional 46,527 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Duluth by 142.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after acquiring an additional 134,520 shares in the last quarter. Empowered Funds LLC boosted its holdings in Duluth by 5.3% in the third quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after acquiring an additional 4,422 shares in the last quarter. GSA Capital Partners LLP grew its stake in Duluth by 288.9% in the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after acquiring an additional 77,825 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Duluth by 301.7% during the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock valued at $155,000 after acquiring an additional 30,922 shares in the last quarter. 24.39% of the stock is owned by institutional investors.

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.