Yarger Wealth Strategies LLC Invests $53,000 in Duluth Holdings Inc (NASDAQ:DLTH)

Yarger Wealth Strategies LLC bought a new stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,441 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Duluth by 896.4% in the 1st quarter. BNP Paribas Financial Markets now owns 39,985 shares of the company’s stock valued at $196,000 after purchasing an additional 35,972 shares during the period. Empowered Funds LLC lifted its stake in shares of Duluth by 8.0% in the first quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock valued at $382,000 after buying an additional 5,775 shares during the period. Heartland Advisors Inc. acquired a new stake in Duluth during the first quarter worth about $1,470,000. Vanguard Group Inc. increased its stake in Duluth by 1.8% during the first quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after acquiring an additional 15,018 shares during the period. Finally, Virtu Financial LLC acquired a new position in Duluth in the 1st quarter valued at approximately $73,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Duluth Price Performance

NASDAQ:DLTH opened at $4.01 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63. The company has a 50-day moving average of $3.62 and a 200-day moving average of $4.05. Duluth Holdings Inc has a 52 week low of $3.09 and a 52 week high of $6.02. The company has a market capitalization of $127.00 million, a price-to-earnings ratio of -9.78 and a beta of 1.34.

Duluth (NASDAQ:DLTH) last released 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 return on equity of 5.52% and a negative net margin of 2.35%. The company had revenue of $141.62 million for the quarter, compared to the consensus estimate of $132.30 million. During the same period in the previous year, the business earned ($0.06) earnings per share. As a group, equities research analysts anticipate that Duluth Holdings Inc will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price objective on Duluth from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, May 31st.

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.