State of Wisconsin Investment Board Reduces Position in Duluth Holdings Inc. (DLTH)
State of Wisconsin Investment Board cut its position in shares of Duluth Holdings Inc. (NASDAQ:DLTH) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 255,324 shares of the company’s stock after selling 21,400 shares during the period. State of Wisconsin Investment Board owned about 0.79% of Duluth Holdings worth $4,649,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in DLTH. Blair William & Co. IL raised its stake in shares of Duluth Holdings by 43.9% in the first quarter. Blair William & Co. IL now owns 49,415 shares of the company’s stock worth $1,042,000 after buying an additional 15,075 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Duluth Holdings during the first quarter worth about $307,000. Congress Asset Management Co. MA raised its stake in shares of Duluth Holdings by 58.9% in the first quarter. Congress Asset Management Co. MA now owns 29,160 shares of the company’s stock worth $621,000 after buying an additional 10,804 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Duluth Holdings during the first quarter worth about $223,000. Finally, Hodges Capital Management Inc. raised its stake in shares of Duluth Holdings by 3.4% in the first quarter. Hodges Capital Management Inc. now owns 324,375 shares of the company’s stock worth $6,906,000 after buying an additional 10,575 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.
Duluth Holdings Inc. (DLTH) opened at 19.97 on Friday. Duluth Holdings Inc. has a 52 week low of $16.01 and a 52 week high of $38.19. The company has a 50-day moving average of $19.43 and a 200-day moving average of $19.80. The company has a market cap of $648.11 million, a P/E ratio of 35.04 and a beta of 0.19.
Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, June 6th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Duluth Holdings had a net margin of 4.71% and a return on equity of 17.31%. The business had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $82.94 million. During the same period in the prior year, the business earned $0.10 EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. On average, equities research analysts predict that Duluth Holdings Inc. will post $0.69 EPS for the current year.
A number of analysts recently issued reports on the company. BMO Capital Markets set a $30.00 price target on Duluth Holdings and gave the company a “buy” rating in a report on Tuesday, June 6th. Stifel Nicolaus lowered their price target on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, June 7th. Raymond James Financial, Inc. lowered Duluth Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 23rd. FBR & Co reiterated a “buy” rating and issued a $26.00 price target on shares of Duluth Holdings in a report on Thursday. Finally, Zacks Investment Research upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Duluth Holdings currently has a consensus rating of “Buy” and a consensus target price of $26.38.
In other Duluth Holdings news, Director E David Coolidge III purchased 15,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was bought at an average price of $17.25 per share, with a total value of $258,750.00. Following the transaction, the director now directly owns 5,365 shares of the company’s stock, valued at approximately $92,546.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $18.93, for a total transaction of $537,612.00. Following the completion of the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $38,465.76. The disclosure for this sale can be found here. Company 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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