Duluth Holdings Inc (NASDAQ:DLTH) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 52.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,593 shares of the company’s stock after selling 17,361 shares during the period. Two Sigma Investments LP’s holdings in Duluth were worth $48,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guardian Wealth Management Inc. acquired a new position in shares of Duluth during the fourth quarter worth $96,000. Northern Trust Corp lifted its position in shares of Duluth by 14.2% during the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock worth $193,000 after purchasing an additional 7,769 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Duluth by 5.0% in 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised 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 acquiring an additional 31,837 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in Duluth by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock valued at $863,000 after acquiring an additional 4,459 shares in the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

Duluth Price Performance

DLTH stock opened at $1.83 on Friday. 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 one year low of $1.58 and a one year high of $4.50. The firm has a market capitalization of $59.71 million, a PE ratio of -1.85 and a beta of 1.30. The firm has a 50-day moving average of $1.88 and a two-hundred day moving average of $2.51.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data 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). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $105.54 million. On average, analysts forecast that Duluth Holdings Inc will post -0.56 earnings per share for the current year.

Analysts Set New Price Targets

DLTH has been the topic of a number of research reports. Wall Street Zen initiated coverage on shares of Duluth in a report on Tuesday, May 20th. They set a “hold” rating on the stock. Robert W. Baird dropped their target price on shares of Duluth from $3.50 to $2.75 and set a “neutral” rating on the stock in a report on Friday, March 14th.

Insiders Place Their Bets

In related news, Director Brett Lee Paschke acquired 50,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was bought at an average cost of $1.81 per share, with a total value of $90,500.00. Following the completion of the acquisition, the director now owns 93,801 shares in the company, valued at $169,779.81. The trade was a 114.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 42.94% of the company’s stock.

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.