Dupont Capital Management Corp Acquires Shares of 15,365 Duluth Holdings Inc. (DLTH)
Dupont Capital Management Corp acquired a new stake in shares of Duluth Holdings Inc. (NASDAQ:DLTH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,365 shares of the company’s stock, valued at approximately $280,000.
Several other large investors have also recently added to or reduced their stakes in DLTH. American International Group Inc. increased its stake in Duluth Holdings by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after buying an additional 388 shares during the period. Invictus RG purchased a new stake in Duluth Holdings during the first quarter valued at $182,000. Rhumbline Advisers increased its stake in Duluth Holdings by 9.2% in the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after buying an additional 885 shares during the period. Paloma Partners Management Co purchased a new stake in Duluth Holdings during the first quarter valued at $212,000. Finally, First Dallas Securities Inc. increased its stake in Duluth Holdings by 13.4% in the first quarter. First Dallas Securities Inc. now owns 10,150 shares of the company’s stock valued at $216,000 after buying an additional 1,200 shares during the period. 33.54% of the stock is currently owned by institutional investors.
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) opened at 19.64 on Wednesday. The firm has a market cap of $637.40 million, a P/E ratio of 34.46 and a beta of 0.19. Duluth Holdings Inc. has a 12-month low of $16.01 and a 12-month high of $38.19. The company’s 50 day moving average price is $19.18 and its 200 day moving average price is $19.90.
Duluth Holdings (NASDAQ:DLTH) last posted its earnings results on Tuesday, June 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. Duluth Holdings had a return on equity of 17.31% and a net margin of 4.71%. The business had revenue of $83.70 million during the quarter, compared to the consensus estimate of $82.94 million. During the same quarter last year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Equities research analysts forecast that Duluth Holdings Inc. will post $0.69 EPS for the current year.
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Several research firms recently weighed in on DLTH. Raymond James Financial, Inc. downgraded Duluth Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 23rd. BMO Capital Markets set a $30.00 price objective on Duluth Holdings and gave the company a “buy” rating in a report on Tuesday, August 8th. BidaskClub raised Duluth Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Stifel Nicolaus cut their price objective on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, June 7th. Finally, DA Davidson began coverage on Duluth Holdings in a report on Friday, July 21st. They set a “buy” rating and a $25.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Duluth Holdings presently has a consensus rating of “Buy” and a consensus target price of $26.38.
In other news, SVP Allen L. Dittrich sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total value of $189,900.00. Following the sale, the senior vice president now directly owns 241,221 shares in the company, valued at approximately $4,580,786.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total transaction of $537,612.00. Following the completion of the sale, the director now owns 2,032 shares in the company, valued at $38,465.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,400 shares of company stock worth $957,672. Insiders own 70.38% of the company’s stock.
About Duluth Holdings
Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.
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