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

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

Separately, Robert W. Baird dropped their target price on shares of Duluth from $3.50 to $2.75 and set a "neutral" rating on the stock in a report on Friday, March 14th.

Duluth Price Performance

Shares of NASDAQ DLTH traded up $0.06 during midday trading on Monday, reaching $1.84. The company's stock had a trading volume of 3,166 shares, compared to its average volume of 85,571. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $1.91 and a 200 day moving average price of $2.76. Duluth has a one year low of $1.58 and a one year high of $4.54. The company has a market cap of $59.87 million, a price-to-earnings ratio of -1.85 and a beta of 1.32.

Duluth (NASDAQ:DLTH - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.04) 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 business had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. On average, equities research analysts expect that Duluth will post -0.56 EPS for the current year.

Insider Transactions at Duluth

In related news, Director Brett Lee Paschke acquired 50,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of $1.81 per share, with a total value of $90,500.00. Following the completion of the transaction, the director now owns 93,801 shares of the company's stock, valued at approximately $169,779.81. This trade represents a 114.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 42.94% of the stock is currently owned by insiders.

Institutional Trading of Duluth

Several large investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC grew 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 acquiring an additional 4,459 shares in the last quarter. Empowered Funds LLC grew its position in Duluth by 5.0% in the fourth quarter. Empowered Funds LLC now owns 92,850 shares of the company's stock worth $287,000 after acquiring an additional 4,459 shares in the last quarter. Taylor & Morgan Wealth Management LLC grew 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 acquiring an additional 5,000 shares in the last quarter. Northern Trust Corp grew 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. Finally, Fruth Investment Management bought a new stake in Duluth in the fourth quarter worth approximately $42,000. 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.