Duluth Holdings Inc (NASDAQ:DLTH) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 8.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 797,190 shares of the company’s stock after purchasing an additional 64,281 shares during the period. Dimensional Fund Advisors LP owned about 2.51% of Duluth worth $2,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Duluth during the 2nd quarter valued at about $38,000. Virtu Financial LLC bought a new stake in shares of Duluth in the 1st quarter valued at approximately $73,000. Taylor & Morgan Wealth Management LLC increased its stake in shares of Duluth by 25.0% during the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock worth $74,000 after purchasing an additional 4,000 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Duluth by 896.4% in the first quarter. BNP Paribas Financial Markets now owns 39,985 shares of the company’s stock worth $196,000 after buying an additional 35,972 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Duluth by 8.0% during the first quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock worth $382,000 after purchasing an additional 5,775 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Duluth from a “hold” rating to a “buy” rating in a research note on Wednesday.

Duluth Stock Down 1.6 %

NASDAQ:DLTH opened at $3.81 on Friday. The company has a market cap of $120.78 million, a PE ratio of -9.29 and a beta of 1.34. The firm’s 50 day simple moving average is $3.64 and its 200 day simple moving average is $3.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 0.30. Duluth Holdings Inc has a one year low of $3.09 and a one year high of $5.82.

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

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.