JPMorgan Chase & Co. Has $122,000 Stake in Duluth Holdings Inc (NASDAQ:DLTH)

JPMorgan Chase & Co. boosted its stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 106.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,464 shares of the company’s stock after purchasing an additional 16,743 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Duluth worth $122,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DLTH. Empowered Funds LLC grew its position in Duluth by 5.3% in the third quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after acquiring an additional 4,422 shares in the last quarter. International Assets Investment Management LLC increased its position in Duluth by 301.7% during the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock worth $155,000 after buying an additional 30,922 shares during the last quarter. Squarepoint Ops LLC bought a new position in Duluth during the second quarter valued at about $138,000. Barclays PLC lifted its position in shares of Duluth by 101.6% in the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after buying an additional 46,527 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Duluth during the 2nd quarter worth about $226,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Duluth Stock Down 1.7 %

Shares of DLTH opened at $2.92 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30. The company has a 50-day simple moving average of $3.23 and a 200-day simple moving average of $3.53. Duluth Holdings Inc has a 52 week low of $2.80 and a 52 week high of $5.08. The firm has a market capitalization of $92.89 million, a P/E ratio of -2.95 and a beta of 1.35.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. On average, equities research analysts expect that Duluth Holdings Inc will post -0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DLTH shares. StockNews.com downgraded Duluth from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird dropped their target price 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.

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.