Sei Investments Co. Boosts Stock Holdings in Duluth Holdings Inc. $DLTH

Sei Investments Co. raised its position in shares of Duluth Holdings Inc. (NASDAQ:DLTH) by 114.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,551 shares of the company’s stock after acquiring an additional 194,302 shares during the quarter. Sei Investments Co.’s holdings in Duluth were worth $1,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DLTH. Goldman Sachs Group Inc. increased its position in shares of Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after purchasing an additional 29,521 shares in the last quarter. Empowered Funds LLC raised its stake in Duluth by 9.3% in the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after purchasing an additional 8,597 shares during the last quarter. Blair William & Co. IL raised its stake in Duluth by 17.2% in the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after purchasing an additional 16,678 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Duluth in the 3rd quarter valued at $85,000. Finally, Barclays PLC lifted its holdings in Duluth by 32.2% in the 4th quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after purchasing an additional 14,136 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Trading Up 0.5%

NASDAQ DLTH opened at $4.00 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 0.30. The stock has a market capitalization of $152.01 million, a P/E ratio of -12.50 and a beta of 1.40. The firm’s 50-day moving average is $4.23 and its two-hundred day moving average is $3.34. Duluth Holdings Inc. has a 12 month low of $2.02 and a 12 month high of $5.09.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Monday, June 8th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.19. The business had revenue of $98.59 million during the quarter, compared to analysts’ expectations of $93.69 million. Duluth had a negative net margin of 2.00% and a negative return on equity of 3.69%. On average, sell-side analysts anticipate that Duluth Holdings Inc. will post -0.26 earnings per share for the current year.

Analysts Set New Price Targets

DLTH has been the subject of a number of research reports. Zacks Research lowered shares of Duluth from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded shares of Duluth to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Duluth currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Duluth Company Profile

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.