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

Equities research analysts at StockNews.com started coverage on shares of Duluth (NASDAQ:DLTH - Get Free Report) in a research note issued on Tuesday. The firm set a "hold" rating on the stock.

Separately, Robert W. Baird dropped their price objective 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 Stock Down 3.2%

DLTH opened at $1.83 on Tuesday. Duluth has a one year low of $1.58 and a one year high of $4.54. 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 capitalization of $59.71 million, a P/E ratio of -1.85 and a beta of 1.32. The business's 50-day simple moving average is $1.87 and its 200-day simple moving average is $2.72.

Duluth (NASDAQ:DLTH - Get Free Report) last released its quarterly earnings results 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). Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. The firm had revenue of $241.27 million for the quarter, compared to analysts' expectations of $252.86 million. Analysts anticipate that Duluth will post -0.56 EPS for the current year.

Insiders Place Their Bets

In other news, Director Brett Lee Paschke bought 50,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of $1.81 per share, with a total value of $90,500.00. Following the completion of the acquisition, the director now directly owns 93,801 shares in the company, valued at approximately $169,779.81. The trade was a 114.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Fruth Investment Management acquired a new position in Duluth during the 4th quarter worth approximately $42,000. Guardian Wealth Management Inc. purchased a new stake in shares of Duluth in the fourth quarter valued at approximately $96,000. JPMorgan Chase & Co. grew its holdings in Duluth by 106.5% during the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company's stock worth $122,000 after acquiring an additional 16,743 shares during the period. Taylor & Morgan Wealth Management LLC raised its position in Duluth by 47.0% in the first quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company's stock worth $69,000 after acquiring an additional 12,687 shares in the last quarter. Finally, 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 acquiring an additional 7,769 shares in the last quarter. 24.39% of the stock is owned by hedge funds and other 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.

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