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.

Institutional Ownership by Quarter for Duluth Holdings (NASDAQ:DLTH)

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