Duluth (NASDAQ:DLTH) Now Covered by StockNews.com

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

Separately, Robert W. Baird decreased 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 Stock Performance

Duluth stock traded down $0.02 during midday trading on Friday, hitting $1.93. The company's stock had a trading volume of 5,927 shares, compared to its average volume of 85,478. 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 company has a market cap of $62.97 million, a price-to-earnings ratio of -1.95 and a beta of 1.32. Duluth has a 1-year low of $1.58 and a 1-year high of $4.54. The company has a 50-day moving average price of $2.00 and a two-hundred day moving average price of $2.83.

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 the consensus estimate 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 company had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. As a group, sell-side analysts predict that Duluth will post -0.56 earnings per share for the current year.

Insider Activity

In other Duluth news, Director Brett Lee Paschke acquired 50,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the transaction, the director now directly owns 93,801 shares in the company, valued at $169,779.81. This represents a 114.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 42.94% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DLTH. Fruth Investment Management bought a new stake in shares of Duluth during the 4th quarter valued at approximately $42,000. Taylor & Morgan Wealth Management LLC grew its stake in shares of Duluth by 22.7% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company's stock worth $83,000 after buying an additional 5,000 shares during the last quarter. Guardian Wealth Management Inc. bought a new stake in shares of Duluth during the fourth quarter worth $96,000. JPMorgan Chase & Co. increased its holdings in shares of 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 buying an additional 16,743 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Duluth by 14.2% during the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company's stock valued at $193,000 after acquiring an additional 7,769 shares in the last quarter. Institutional investors and hedge funds 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.