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

StockNews.com started coverage on shares of Duluth (NASDAQ:DLTH) in a research report report published on Tuesday morning. The firm issued a hold rating on the stock.

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

Duluth Stock Performance

NASDAQ:DLTH opened at $1.92 on Tuesday. Duluth has a 1 year low of $1.90 and a 1 year high of $5.06. 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 business has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $3.30. The company has a market capitalization of $61.08 million, a P/E ratio of -1.94 and a beta of 1.30.

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

Institutional Investors Weigh In On Duluth

Several large investors have recently added to or reduced their stakes in the business. Fruth Investment Management purchased a new stake in shares of Duluth in the 4th quarter valued at about $42,000. Taylor & Morgan Wealth Management LLC increased its position in shares of 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 during the last quarter. Guardian Wealth Management Inc. purchased a new stake in Duluth in the fourth quarter valued at approximately $96,000. JPMorgan Chase & Co. lifted its position in Duluth by 106.5% during 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 during the last quarter. Finally, Northern Trust Corp grew its stake in 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 buying an additional 7,769 shares in 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.