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

StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a research report sent to investors on Friday. The brokerage issued a hold rating on the stock.

Separately, Robert W. Baird reduced their price objective on Duluth from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, December 6th.

Duluth Stock Up 0.4 %

DLTH opened at $2.74 on Friday. The stock has a market cap of $87.16 million, a PE ratio of -2.77 and a beta of 1.33. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. Duluth has a 52 week low of $2.71 and a 52 week high of $5.08. The business’s fifty day simple moving average is $3.00 and its 200 day simple moving average is $3.45.

Duluth (NASDAQ:DLTH) last released its earnings results on Thursday, December 5th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. As a group, research analysts expect that Duluth will post -0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in shares of Duluth by 301.7% during the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock worth $155,000 after purchasing an additional 30,922 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after purchasing an additional 77,825 shares during the period. Empowered Funds LLC boosted its holdings in shares of Duluth by 5.3% during the third quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after purchasing an additional 4,422 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Duluth by 142.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after purchasing an additional 134,520 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after purchasing an additional 46,527 shares during the period. 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.