Barclays PLC Decreases Stock Holdings in Duluth Holdings Inc (NASDAQ:DLTH)

Barclays PLC lowered its stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 39.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,825 shares of the company’s stock after selling 36,493 shares during the period. Barclays PLC’s holdings in Duluth were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tieton Capital Management LLC boosted its holdings in Duluth by 22.2% during the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock worth $2,242,000 after buying an additional 131,895 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in Duluth during the fourth quarter worth about $2,357,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Duluth by 13.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock worth $806,000 after buying an additional 31,837 shares in the last quarter. Empowered Funds LLC boosted its holdings in Duluth by 5.0% during the fourth quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock worth $287,000 after buying an additional 4,459 shares in the last quarter. Finally, Fruth Investment Management purchased a new stake in Duluth during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Stock Performance

Shares of DLTH opened at $1.82 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. The stock has a market cap of $59.38 million, a P/E ratio of -1.84 and a beta of 1.32. The company has a 50-day moving average of $1.97 and a two-hundred day moving average of $2.79. Duluth Holdings Inc has a 12-month low of $1.58 and a 12-month high of $4.54.

Duluth (NASDAQ:DLTH) last announced its earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). The business had revenue of $241.27 million for the quarter, compared to analyst estimates of $252.86 million. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. As a group, research analysts predict that Duluth Holdings Inc will post -0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Robert W. Baird decreased their price objective on shares of Duluth from $3.50 to $2.75 and set a “neutral” rating on the stock in a report on Friday, March 14th. StockNews.com started coverage on shares of Duluth in a research report on Monday. They set a “hold” rating for the company.

Insiders Place Their Bets

In other news, Director Brett Lee Paschke acquired 50,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of $1.81 per share, with a total value of $90,500.00. Following the completion of the transaction, the director now directly owns 93,801 shares in the company, valued at approximately $169,779.81. This represents a 114.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.94% of the stock is currently owned by company insiders.

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.