Geode Capital Management LLC Has $626,000 Holdings in Duluth Holdings Inc (NASDAQ:DLTH)

Geode Capital Management LLC trimmed its stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 25.7% during the third quarter, Holdings Channel.com reports. The firm owned 166,534 shares of the company’s stock after selling 57,483 shares during the period. Geode Capital Management LLC’s holdings in Duluth were worth $626,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Empowered Funds LLC raised its position in Duluth by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after purchasing an additional 4,422 shares during the last quarter. Yarger Wealth Strategies LLC bought a new stake in shares of Duluth during the second quarter worth $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Duluth during the second quarter valued at $72,000. International Assets Investment Management LLC boosted its holdings in Duluth by 301.7% in the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock valued at $155,000 after acquiring an additional 30,922 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Duluth in the second quarter worth about $138,000. 24.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DLTH has been the topic of a number of research reports. StockNews.com downgraded shares of Duluth from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Robert W. Baird cut their price objective on shares of Duluth from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, December 6th.

Duluth Trading Down 1.7 %

NASDAQ:DLTH opened at $2.88 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.30. Duluth Holdings Inc has a 1-year low of $2.81 and a 1-year high of $5.38. The firm has a market capitalization of $91.62 million, a price-to-earnings ratio of -2.91 and a beta of 1.35. The business’s 50-day moving average price is $3.43 and its two-hundred day moving average price is $3.61.

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.