Barclays PLC Increases Position in Duluth Holdings Inc (NASDAQ:DLTH)

Barclays PLC increased its stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 101.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,318 shares of the company’s stock after buying an additional 46,527 shares during the quarter. Barclays PLC owned about 0.29% of Duluth worth $347,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Yarger Wealth Strategies LLC purchased a new stake in shares of Duluth in the second quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Duluth in the 2nd quarter valued at about $72,000. Squarepoint Ops LLC acquired a new position in shares of Duluth during the 2nd quarter valued at about $138,000. International Assets Investment Management LLC lifted its holdings in shares of Duluth by 301.7% during the 3rd quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock worth $155,000 after acquiring an additional 30,922 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Duluth in the second quarter worth approximately $226,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Duluth Trading Up 3.4 %

Shares of DLTH stock opened at $3.02 on Friday. The company has a quick ratio of 0.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. Duluth Holdings Inc has a fifty-two week low of $2.81 and a fifty-two week high of $5.38. The firm’s 50 day moving average price is $3.50 and its two-hundred day moving average price is $3.64. The stock has a market cap of $96.08 million, a price-to-earnings ratio of -3.05 and a beta of 1.35.

Analyst Ratings Changes

A number of equities analysts have weighed in on DLTH shares. 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 research note on Friday, December 6th. StockNews.com lowered Duluth from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th.

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.