Fruth Investment Management Takes $42,000 Position in Duluth Holdings Inc (NASDAQ:DLTH)

Fruth Investment Management bought a new position in shares of Duluth Holdings Inc (NASDAQ:DLTH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,700 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Taylor & Morgan Wealth Management LLC lifted its holdings in shares of Duluth by 22.7% during the fourth 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 in the last quarter. JPMorgan Chase & Co. increased its position in Duluth by 106.5% during 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 during the period. Squarepoint Ops LLC acquired a new stake in Duluth in the 2nd quarter worth about $138,000. International Assets Investment Management LLC boosted its holdings in Duluth by 301.7% in the 3rd quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock valued at $155,000 after purchasing an additional 30,922 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Duluth during the 2nd quarter worth approximately $226,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird dropped their price target 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. StockNews.com cut Duluth from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th.

Duluth Trading Up 0.3 %

DLTH opened at $2.90 on Thursday. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. Duluth Holdings Inc has a twelve month low of $2.73 and a twelve month high of $5.08. The company has a 50-day simple moving average of $3.17 and a 200 day simple moving average of $3.52.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.41) earnings per share 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%. On average, research analysts predict that Duluth Holdings Inc will post -0.56 earnings per share for the current fiscal year.

About Duluth

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.