StockNews.com Initiates Coverage on Duluth (NASDAQ:DLTH)

Research analysts at StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH - Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a "hold" rating on the stock.

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

Duluth Trading Up 2.6 %

NASDAQ:DLTH traded up $0.05 during trading hours on Friday, hitting $1.79. The company had a trading volume of 36,875 shares, compared to its average volume of 85,995. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16. Duluth has a 52 week low of $1.58 and a 52 week high of $4.54. The company has a market capitalization of $58.27 million, a PE ratio of -1.80 and a beta of 1.21. The stock has a 50-day moving average price of $2.11 and a 200 day moving average price of $2.92.

Duluth (NASDAQ:DLTH - Get Free Report) last issued 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 net margin of 5.26% and a negative return on equity of 7.28%. The business had revenue of $241.27 million for the quarter, compared to analysts' expectations of $252.86 million. On average, equities research analysts predict that Duluth will post -0.56 EPS for the current fiscal year.

Insider Transactions at Duluth

In other news, Director Brett Lee Paschke bought 50,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the transaction, the director now owns 93,801 shares of the company's stock, valued at $169,779.81. The trade was a 114.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 42.94% of the company's stock.

Institutional Investors Weigh In On Duluth

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fruth Investment Management purchased a new position in Duluth in the 4th quarter worth about $42,000. Taylor & Morgan Wealth Management LLC lifted its holdings in shares of Duluth by 47.0% during the 1st quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company's stock valued at $69,000 after purchasing an additional 12,687 shares during the last quarter. Guardian Wealth Management Inc. acquired a new stake in Duluth in the 4th quarter worth approximately $96,000. JPMorgan Chase & Co. boosted its holdings in shares of Duluth by 106.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company's stock valued at $122,000 after acquiring an additional 16,743 shares during the last quarter. Finally, Northern Trust Corp grew its position in Duluth by 14.2% during the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company's stock worth $193,000 after purchasing an additional 7,769 shares during the period. Hedge funds and other institutional investors 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.