Duluth (NASDAQ:DLTH) Cut to Hold at StockNews.com

Duluth (NASDAQ:DLTH) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Duluth Price Performance

DLTH opened at $4.03 on Thursday. The company has a market capitalization of $127.76 million, a price-to-earnings ratio of -9.83 and a beta of 1.34. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $3.69 and a 200-day moving average price of $3.92. Duluth has a twelve month low of $3.09 and a twelve month high of $5.82.

Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, August 29th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.10. The firm had revenue of $141.62 million during the quarter, compared to the consensus estimate of $132.30 million. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. During the same quarter last year, the company earned ($0.06) earnings per share. Equities analysts expect that Duluth will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Duluth

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Duluth by 1.8% in the first quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after acquiring an additional 15,018 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Duluth by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after acquiring an additional 64,281 shares during the period. Heartland Advisors Inc. bought a new position in shares of Duluth in the first quarter valued at approximately $1,470,000. Marshall Wace LLP bought a new position in shares of Duluth in the second quarter valued at approximately $432,000. Finally, Empowered Funds LLC boosted its position in shares of Duluth by 8.0% in the first quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock valued at $382,000 after acquiring an additional 5,775 shares during the period. 24.39% of the stock is currently owned by institutional investors.

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.