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

by · The Cerbat Gem

StockNews.com assumed coverage on shares of Duluth (NASDAQ:DLTH – Free Report) in a report released on Monday morning. The firm issued a hold rating on the stock.

Separately, Robert W. Baird reduced their price target 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.

Check Out Our Latest Report on Duluth

Duluth Stock Up 0.5 %

Shares of Duluth stock opened at $2.10 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16. Duluth has a 1-year low of $2.07 and a 1-year high of $5.08. The business’s fifty day moving average price is $2.82 and its two-hundred day moving average price is $3.35. The company has a market capitalization of $66.81 million, a P/E ratio of -2.12 and a beta of 1.30.

Duluth (NASDAQ:DLTH – Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) earnings per share 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 net margin of 5.26% and a negative return on equity of 7.28%. As a group, research analysts forecast that Duluth will post -0.56 EPS for the current year.

Institutional Trading of Duluth

Hedge funds and other institutional investors have recently modified their holdings of the company. Fruth Investment Management acquired a new position in Duluth during the fourth quarter worth about $42,000. Taylor & Morgan Wealth Management LLC boosted its position in shares of Duluth by 22.7% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $83,000 after purchasing an additional 5,000 shares in the last quarter. Guardian Wealth Management Inc. acquired a new position in shares of Duluth in the 4th quarter worth approximately $96,000. JPMorgan Chase & Co. raised its holdings in shares of Duluth by 106.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after purchasing an additional 16,743 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Duluth by 14.2% during the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock valued at $193,000 after purchasing an additional 7,769 shares during the last quarter. Institutional investors own 24.39% of the company’s stock.

Duluth Company Profile

(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.

Further Reading