Connor Clark & Lunn Investment Management Ltd. Buys 134,520 Shares of Duluth Holdings Inc (NASDAQ:DLTH)

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 142.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 229,151 shares of the company’s stock after acquiring an additional 134,520 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.72% of Duluth worth $862,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLTH. International Assets Investment Management LLC bought a new stake in shares of Duluth during the second quarter valued at approximately $38,000. Yarger Wealth Strategies LLC bought a new stake in shares of Duluth during the 2nd quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Duluth in the 2nd quarter worth about $72,000. Virtu Financial LLC bought a new position in shares of Duluth in the 1st quarter worth about $73,000. Finally, Taylor & Morgan Wealth Management LLC increased its stake in shares of Duluth by 25.0% in the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock worth $74,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Duluth from a “buy” rating to a “hold” rating in a report on Thursday, October 17th.

Duluth Stock Performance

Duluth stock opened at $3.89 on Thursday. Duluth Holdings Inc has a 12 month low of $3.09 and a 12 month high of $5.82. 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 business’s fifty day simple moving average is $3.79 and its two-hundred day simple moving average is $3.78. The company has a market capitalization of $123.20 million, a price-to-earnings ratio of -8.46 and a beta of 1.34.

Duluth (NASDAQ:DLTH) last announced 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 company 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 posted ($0.06) EPS. As a group, equities analysts predict that Duluth Holdings Inc will post -0.16 earnings per share for the current fiscal year.

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.