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

StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a research report released on Thursday. The brokerage issued a hold rating on the stock.

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

Duluth Stock Performance

Shares of NASDAQ:DLTH opened at $2.98 on Thursday. The company has a market capitalization of $94.79 million, a price-to-earnings ratio of -3.01 and a beta of 1.33. Duluth has a 52 week low of $2.73 and a 52 week high of $5.08. 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 has a 50 day moving average of $3.08 and a 200 day moving average of $3.48.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data 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 return on equity of 7.28% and a negative net margin of 5.26%. On average, sell-side analysts predict that Duluth will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duluth

A number of large investors have recently made changes to their positions in the business. Madison Investment Advisors LLC acquired a new position in shares of Duluth during the fourth quarter worth $2,357,000. Tieton Capital Management LLC increased its position in shares of Duluth by 22.2% in the 4th quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock valued at $2,242,000 after acquiring an additional 131,895 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Duluth by 13.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock valued at $806,000 after acquiring an additional 31,837 shares during the period. GSA Capital Partners LLP increased its position in shares of Duluth by 288.9% in the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after acquiring an additional 77,825 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Duluth by 5.0% in the 4th quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock valued at $287,000 after acquiring an additional 4,459 shares during the period. 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.