Duluth (NASDAQ:DLTH) Stock Rating Lowered by StockNews.com

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

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

Duluth Trading Up 1.8 %

NASDAQ:DLTH opened at $3.41 on Wednesday. Duluth has a 52 week low of $3.09 and a 52 week high of $5.82. The firm has a 50-day moving average price of $3.74 and a two-hundred day moving average price of $3.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63. The firm has a market cap of $108.48 million, a price-to-earnings ratio of -3.44 and a beta of 1.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Duluth by 142.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after buying an additional 134,520 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Duluth by 1.8% in the 1st 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 in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Duluth during the 2nd quarter valued at about $226,000. GSA Capital Partners LLP grew its holdings in shares of Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after purchasing an additional 77,825 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Duluth by 5.3% in the third quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after purchasing an additional 4,422 shares during the last quarter. 24.39% of the stock is 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.