Duluth Holdings Inc (NASDAQ:DLTH) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its holdings in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 38.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,494 shares of the company’s stock after selling 26,001 shares during the period. Squarepoint Ops LLC owned about 0.13% of Duluth worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in shares of Duluth by 5.0% during the fourth quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock worth $287,000 after buying an additional 4,459 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Duluth by 13.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock valued at $806,000 after purchasing an additional 31,837 shares during the period. Madison Investment Advisors LLC purchased a new stake in Duluth in the fourth quarter valued at approximately $2,357,000. Tieton Capital Management LLC grew its holdings in Duluth by 22.2% in the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock valued at $2,242,000 after purchasing an additional 131,895 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Duluth by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock valued at $2,607,000 after purchasing an additional 58,991 shares during the period. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on DLTH shares. Wall Street Zen started coverage on shares of Duluth in a research report on Tuesday, May 20th. They set a “hold” rating on the stock. Robert W. Baird reduced their price target on shares of Duluth from $3.50 to $2.75 and set a “neutral” rating on the stock in a research report on Friday, March 14th.

Duluth Trading Up 6.2%

NASDAQ DLTH opened at $2.05 on Tuesday. The stock has a market cap of $66.89 million, a P/E ratio of -2.07 and a beta of 1.30. The company’s fifty day simple moving average is $1.86 and its 200-day simple moving average is $2.54. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. Duluth Holdings Inc has a 52 week low of $1.58 and a 52 week high of $4.50.

Duluth (NASDAQ:DLTH) last released its earnings results on Thursday, June 5th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $105.54 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. Equities research analysts predict that Duluth Holdings Inc will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Duluth news, Director Brett Lee Paschke bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the transaction, the director now directly owns 93,801 shares in the company, valued at approximately $169,779.81. This represents a 114.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.94% of the stock is currently owned by company insiders.

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.