Geode Capital Management LLC Has $626,000 Position in Duluth Holdings Inc (NASDAQ:DLTH)

Geode Capital Management LLC lessened its holdings in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 25.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 166,534 shares of the company’s stock after selling 57,483 shares during the period. Geode Capital Management LLC owned approximately 0.53% of Duluth worth $626,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DLTH. Connor Clark & Lunn Investment Management Ltd. increased its position in Duluth by 142.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after acquiring an additional 134,520 shares during the period. Marshall Wace LLP acquired a new stake in Duluth in the 2nd quarter worth $432,000. GSA Capital Partners LLP increased its holdings in shares of Duluth by 288.9% during the 3rd 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 during the period. Dimensional Fund Advisors LP raised its position in shares of Duluth by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after buying an additional 64,281 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Duluth in the second quarter valued at about $226,000. Institutional investors own 24.39% of the company’s stock.

Duluth Stock Down 1.7 %

NASDAQ DLTH opened at $2.88 on Friday. The stock’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $3.61. Duluth Holdings Inc has a one year low of $2.81 and a one year high of $5.38. The firm has a market cap of $91.62 million, a PE ratio of -2.91 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.30.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DLTH. Robert W. Baird reduced their target price on Duluth from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, December 6th. StockNews.com downgraded shares of Duluth from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th.

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.