Squarepoint Ops LLC Acquires Shares of 37,379 Duluth Holdings Inc (NASDAQ:DLTH)

Squarepoint Ops LLC bought a new position in Duluth Holdings Inc (NASDAQ:DLTH) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 37,379 shares of the company’s stock, valued at approximately $138,000. Squarepoint Ops LLC owned about 0.12% of Duluth as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DLTH. Heartland Advisors Inc. bought a new stake in shares of Duluth during the first quarter valued at approximately $1,470,000. Marshall Wace LLP purchased a new position in shares of Duluth during the second quarter valued at $432,000. Dimensional Fund Advisors LP raised its holdings in shares of Duluth by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after acquiring an additional 64,281 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Duluth in the second quarter worth about $226,000. Finally, BNP Paribas Financial Markets grew its holdings in Duluth by 896.4% during the 1st quarter. BNP Paribas Financial Markets now owns 39,985 shares of the company’s stock worth $196,000 after acquiring an additional 35,972 shares in the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Duluth Stock Performance

Shares of DLTH stock opened at $3.84 on Monday. Duluth Holdings Inc has a 12-month low of $3.09 and a 12-month high of $5.82. The business’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $3.94. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The company has a market cap of $121.73 million, a PE ratio of -9.37 and a beta of 1.34.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.10. The business had revenue of $141.62 million for the quarter, compared to the consensus estimate of $132.30 million. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. During the same period in the prior year, the firm earned ($0.06) EPS. Analysts expect that Duluth Holdings Inc will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Duluth from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th.

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.