Duluth (NASDAQ:DLTH) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Duluth (NASDAQ:DLTH) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Separately, Robert W. Baird decreased their target price on 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 Performance

NASDAQ:DLTH opened at $1.83 on Tuesday. The firm has a market capitalization of $59.71 million, a PE ratio of -1.85 and a beta of 1.32. Duluth has a 1 year low of $1.58 and a 1 year 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 firm’s fifty day simple moving average is $1.85 and its 200 day simple moving average is $2.71.

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

Insider Transactions at Duluth

In related news, Director Brett Lee Paschke acquired 50,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of $1.81 per share, with a total value of $90,500.00. Following the completion of the transaction, the director now owns 93,801 shares of the company’s stock, valued at approximately $169,779.81. This represents a 114.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duluth

A number of institutional investors have recently added to or reduced their stakes in DLTH. Fruth Investment Management bought a new stake in shares of Duluth in the 4th quarter worth approximately $42,000. Taylor & Morgan Wealth Management LLC grew its stake in shares of Duluth by 47.0% in the 1st quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company’s stock valued at $69,000 after purchasing an additional 12,687 shares during the period. Guardian Wealth Management Inc. acquired a new position in shares of Duluth in the 4th quarter worth approximately $96,000. JPMorgan Chase & Co. lifted its position in shares of Duluth by 106.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after buying an additional 16,743 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after buying an additional 29,521 shares in the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

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.