Empowered Funds LLC Buys 4,459 Shares of Duluth Holdings Inc (NASDAQ:DLTH)

Empowered Funds LLC boosted its holdings in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,850 shares of the company’s stock after purchasing an additional 4,459 shares during the period. Empowered Funds LLC owned 0.29% of Duluth worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DLTH. Fruth Investment Management acquired a new stake in Duluth in the fourth quarter worth about $42,000. Taylor & Morgan Wealth Management LLC raised its stake in Duluth by 22.7% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock worth $83,000 after buying an additional 5,000 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Duluth by 106.5% in the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after acquiring an additional 16,743 shares in the last quarter. Barclays PLC raised its position in shares of Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after purchasing an additional 46,527 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Duluth by 142.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after purchasing an additional 134,520 shares in the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com began coverage on Duluth in a research note on Friday. They set a “hold” rating for the company. Robert W. Baird lowered their price objective on shares of Duluth from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, December 6th.

Duluth Trading Down 4.2 %

NASDAQ DLTH opened at $2.73 on Friday. Duluth Holdings Inc has a 52 week low of $2.73 and a 52 week high of $5.08. 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 stock’s 50 day moving average price is $3.02 and its two-hundred day moving average price is $3.45. The stock has a market capitalization of $86.85 million, a price-to-earnings ratio of -2.76 and a beta of 1.33.

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%. As a group, analysts anticipate that Duluth Holdings Inc will post -0.56 earnings per share for the current fiscal 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.