Robert W. Baird Cuts Duluth (NASDAQ:DLTH) Price Target to $2.75

Duluth (NASDAQ:DLTH) had its price objective trimmed by Robert W. Baird from $3.50 to $2.75 in a research report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, StockNews.com began coverage on shares of Duluth in a research report on Sunday, March 9th. They set a “hold” rating for the company.

Duluth Stock Down 9.9 %

Shares of DLTH opened at $2.28 on Friday. The company has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $3.39. The firm has a market capitalization of $72.53 million, a P/E ratio of -2.30 and a beta of 1.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30. Duluth has a 52 week low of $2.20 and a 52 week high of $5.08.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). The company had revenue of $241.27 million for the quarter, compared to analyst estimates of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. On average, equities research analysts expect that Duluth will post -0.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its position 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 purchasing an additional 4,422 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Duluth by 1.6% in the fourth 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 raised its position in Duluth by 22.7% in the fourth 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 raised its position in Duluth by 14.2% in the fourth 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 acquired a new position in Duluth in the fourth quarter worth about $42,000. 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.