Cubist Systematic Strategies LLC Takes Position in Duluth Holdings Inc (NASDAQ:DLTH)

Cubist Systematic Strategies LLC purchased a new stake in Duluth Holdings Inc (NASDAQ:DLTH) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 61,362 shares of the company’s stock, valued at approximately $226,000. Cubist Systematic Strategies LLC owned 0.19% of Duluth as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DLTH. International Assets Investment Management LLC acquired a new position in shares of Duluth in the 2nd quarter valued at about $38,000. Yarger Wealth Strategies LLC acquired a new position in Duluth during the 2nd quarter valued at about $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Duluth during the 2nd quarter valued at about $72,000. Virtu Financial LLC acquired a new position in Duluth during the 1st quarter valued at about $73,000. Finally, Taylor & Morgan Wealth Management LLC boosted its stake in Duluth by 25.0% during the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock valued at $74,000 after purchasing an additional 4,000 shares during the period. 24.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Duluth from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th.

Duluth Stock Up 1.0 %

NASDAQ DLTH opened at $3.88 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 0.30. The company’s 50 day simple moving average is $3.65 and its 200 day simple moving average is $3.94. Duluth Holdings Inc has a 12 month low of $3.09 and a 12 month high of $5.82. The company has a market capitalization of $123.00 million, a P/E ratio of -9.46 and a beta of 1.34.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.10. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. The business had revenue of $141.62 million for the quarter, compared to analyst estimates of $132.30 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Equities research analysts expect that Duluth Holdings Inc will post -0.16 earnings per share for the current fiscal year.

Duluth 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.