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

StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH) in a research note released on Saturday. The firm issued a hold rating on the stock.

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

Duluth Trading Down 1.5 %

DLTH stock opened at $2.71 on Friday. Duluth has a twelve month low of $2.64 and a twelve month high of $5.08. The stock has a market capitalization of $86.21 million, a price-to-earnings ratio of -2.74 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. The firm’s fifty day simple moving average is $2.95 and its two-hundred day simple moving average is $3.43.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate 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, analysts anticipate that Duluth will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Duluth

A number of large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its holdings in shares of Duluth by 1.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock valued at $863,000 after buying an additional 4,459 shares in the last quarter. Northern Trust Corp boosted its stake in Duluth by 14.2% in the fourth 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. Guardian Wealth Management Inc. purchased a new position in Duluth in the fourth quarter worth $96,000. Dimensional Fund Advisors LP increased its position in shares of Duluth by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock worth $2,607,000 after purchasing an additional 58,991 shares in the last quarter. Finally, Tieton Capital Management LLC lifted its holdings in shares of Duluth by 22.2% during the 4th quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock valued at $2,242,000 after purchasing an additional 131,895 shares during the last quarter. 24.39% of the stock is currently owned by institutional investors.

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.