Duluth Holdings Inc (NASDAQ:DLTH) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in Duluth Holdings Inc (NASDAQ:DLTH) by 301.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,172 shares of the company’s stock after purchasing an additional 30,922 shares during the period. International Assets Investment Management LLC owned about 0.13% of Duluth worth $155,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in Duluth during the 2nd quarter valued at $226,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Duluth during the second quarter worth about $72,000. Squarepoint Ops LLC acquired a new position in Duluth in the second quarter worth about $138,000. Marshall Wace LLP acquired a new position in Duluth in the second quarter worth about $432,000. Finally, Yarger Wealth Strategies LLC bought a new stake in Duluth in the second quarter valued at about $53,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Duluth from a “buy” rating to a “hold” rating in a report on Thursday, October 17th.

Duluth Stock Down 2.1 %

DLTH stock opened at $3.82 on Friday. The firm has a market cap of $120.98 million, a price-to-earnings ratio of -8.30 and a beta of 1.34. Duluth Holdings Inc has a 1-year low of $3.09 and a 1-year high of $5.82. The firm has a fifty day moving average price of $3.85 and a two-hundred day moving average price of $3.84. 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 (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, August 29th. The company reported ($0.02) earnings per share 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 during the quarter, compared to the consensus estimate of $132.30 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. Research analysts predict that Duluth Holdings Inc will post -0.16 EPS for the current 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.