Barclays PLC Buys 46,527 Shares of Duluth Holdings Inc (NASDAQ:DLTH)

Barclays PLC boosted its stake in Duluth Holdings Inc (NASDAQ:DLTH) by 101.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,318 shares of the company’s stock after purchasing an additional 46,527 shares during the period. Barclays PLC owned about 0.29% of Duluth worth $347,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Duluth by 142.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after purchasing an additional 134,520 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Duluth in the second quarter valued at approximately $432,000. GSA Capital Partners LLP raised its holdings in Duluth by 288.9% in the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after buying an additional 77,825 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Duluth by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock worth $2,942,000 after buying an additional 64,281 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Duluth during the 2nd quarter worth approximately $226,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird cut 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. StockNews.com downgraded Duluth from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th.

Duluth Stock Performance

Shares of DLTH stock opened at $3.04 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16. Duluth Holdings Inc has a one year low of $2.80 and a one year high of $5.15. The business’s 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.58. The stock has a market capitalization of $96.70 million, a PE ratio of -3.07 and a beta of 1.35.

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.