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

Research analysts at StockNews.com began coverage on shares of Duluth (NASDAQ:DLTH) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

Separately, Robert W. Baird reduced their target price on shares of Duluth from $3.50 to $2.75 and set a “neutral” rating for the company in a research note on Friday, March 14th.

Duluth Stock Up 2.3 %

NASDAQ:DLTH opened at $1.80 on Friday. The firm has a market capitalization of $58.73 million, a PE ratio of -1.82 and a beta of 1.32. Duluth has a 52 week low of $1.58 and a 52 week high of $4.54. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $2.08 and a 200-day moving average of $2.88.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). The company had revenue of $241.27 million for the quarter, compared to the consensus estimate of $252.86 million. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. Analysts predict that Duluth will post -0.56 EPS for the current year.

Insider Activity at Duluth

In related news, Director Brett Lee Paschke bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $1.81 per share, for a total transaction of $90,500.00. Following the transaction, the director now directly owns 93,801 shares of the company’s stock, valued at approximately $169,779.81. This represents a 114.15 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 42.94% of the stock is owned by insiders.

Institutional Trading of Duluth

A number of institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC raised its holdings in Duluth by 1.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock worth $863,000 after purchasing an additional 4,459 shares in the last quarter. Empowered Funds LLC increased its position in shares of Duluth by 5.0% during the 4th quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock valued at $287,000 after purchasing an additional 4,459 shares during the period. Taylor & Morgan Wealth Management LLC raised its stake in shares of Duluth by 22.7% in the 4th 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 in the last quarter. Northern Trust Corp lifted its holdings in shares of 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 buying an additional 7,769 shares during the period. Finally, Fruth Investment Management acquired a new stake in shares of Duluth in the fourth quarter valued at $42,000. 24.39% of the stock is owned by institutional investors and hedge funds.

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.