Taylor & Morgan Wealth Management LLC Acquires 5,000 Shares of Duluth Holdings Inc (NASDAQ:DLTH)

Taylor & Morgan Wealth Management LLC grew its stake in Duluth Holdings Inc (NASDAQ:DLTH) by 22.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Taylor & Morgan Wealth Management LLC’s holdings in Duluth were worth $83,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 64,281 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Duluth in the 2nd quarter valued at approximately $432,000. Cubist Systematic Strategies LLC bought a new position in shares of Duluth in the second quarter valued at $226,000. Squarepoint Ops LLC acquired a new position in Duluth during the second quarter worth $138,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Duluth during the second quarter worth $72,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DLTH shares. Robert W. Baird decreased their price objective 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 Stock Down 0.3 %

DLTH stock opened at $3.04 on Friday. The business’s 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.58. Duluth Holdings Inc has a 1-year low of $2.80 and a 1-year high of $5.15. The firm has a market capitalization of $96.70 million, a PE ratio of -3.07 and a beta of 1.35. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30.

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.