Duluth (NASDAQ:DLTH) Price Target Lowered to $4.50 at Robert W. Baird

Duluth (NASDAQ:DLTHFree Report) had its price target lowered by Robert W. Baird from $5.00 to $4.50 in a report issued on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Duluth Price Performance

NASDAQ DLTH opened at $3.95 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $4.46 and a 200 day simple moving average of $4.82. The company has a market cap of $122.65 million, a P/E ratio of -13.62 and a beta of 1.33. Duluth has a 1 year low of $3.66 and a 1 year high of $7.88.

Duluth (NASDAQ:DLTHGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $245.61 million for the quarter, compared to the consensus estimate of $241.80 million. Duluth had a negative return on equity of 4.24% and a negative net margin of 1.45%. During the same period in the prior year, the company posted $0.23 earnings per share. On average, sell-side analysts predict that Duluth will post -0.07 EPS for the current year.

Insider Buying and Selling

In other Duluth news, SVP Neala Shepherd sold 10,000 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $4.70, for a total value of $47,000.00. Following the completion of the sale, the senior vice president now directly owns 122,587 shares of the company’s stock, valued at approximately $576,158.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 35.32% of the stock is owned by insiders.

Institutional Trading of Duluth

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Duluth by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after purchasing an additional 15,018 shares during the period. Heartland Advisors Inc. bought a new stake in Duluth in the 1st quarter valued at $1,470,000. Empowered Funds LLC boosted its holdings in Duluth by 8.0% in the 1st quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock valued at $382,000 after purchasing an additional 5,775 shares during the period. International Assets Investment Management LLC boosted its holdings in Duluth by 415.5% in the 4th quarter. International Assets Investment Management LLC now owns 61,601 shares of the company’s stock valued at $331,000 after purchasing an additional 49,651 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Duluth by 896.4% in the 1st quarter. BNP Paribas Financial Markets now owns 39,985 shares of the company’s stock valued at $196,000 after purchasing an additional 35,972 shares during the period. 24.39% of the stock is owned by institutional investors.

About Duluth

(Get Free Report)

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.

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