Thrivent Financial For Lutherans raised its stake in Duluth Holdings Inc. (NASDAQ:DLTH) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 574,407 shares of the company’s stock after buying an additional 68,400 shares during the period. Thrivent Financial For Lutherans owned approximately 1.77% of Duluth Holdings worth $10,460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its stake in Duluth Holdings by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 32,942 shares of the company’s stock valued at $600,000 after purchasing an additional 171 shares during the period. American International Group Inc. raised its stake in Duluth Holdings by 7.0% during the 1st quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after purchasing an additional 388 shares during the period. Rhumbline Advisers raised its stake in Duluth Holdings by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after purchasing an additional 885 shares during the period. Teachers Advisors LLC raised its stake in Duluth Holdings by 5.9% during the 4th quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after purchasing an additional 980 shares during the period. Finally, Gradient Investments LLC raised its stake in Duluth Holdings by 7.7% during the 2nd quarter. Gradient Investments LLC now owns 16,330 shares of the company’s stock valued at $297,000 after purchasing an additional 1,170 shares during the period. 33.54% of the stock is currently owned by institutional investors.

Several analysts have issued reports on DLTH shares. Zacks Investment Research downgraded shares of Duluth Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. DA Davidson started coverage on shares of Duluth Holdings in a research note on Friday, July 21st. They set a “buy” rating and a $25.00 target price on the stock. BMO Capital Markets set a $30.00 target price on shares of Duluth Holdings and gave the company a “buy” rating in a research note on Tuesday, June 6th. Raymond James Financial, Inc. downgraded shares of Duluth Holdings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 23rd. Finally, FBR & Co reissued an “outperform” rating and set a $26.00 target price on shares of Duluth Holdings in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $26.38.

In related news, Director William E. Ferry sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total transaction of $38,780.00. Following the sale, the director now directly owns 2,032 shares in the company, valued at $39,400.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total transaction of $537,612.00. Following 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 quarter, insiders sold 68,800 shares of company stock worth $1,330,032. Company insiders own 70.38% of the company’s stock.

Shares of Duluth Holdings Inc. (NASDAQ DLTH) opened at 19.62 on Friday. The firm has a market capitalization of $636.83 million, a P/E ratio of 33.25 and a beta of 0.19. The firm’s 50-day moving average is $19.48 and its 200 day moving average is $19.62. Duluth Holdings Inc. has a 52 week low of $16.01 and a 52 week high of $38.19.

Duluth Holdings (NASDAQ:DLTH) last posted its earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $86.20 million for the quarter, compared to analyst estimates of $82.51 million. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. Equities research analysts forecast that Duluth Holdings Inc. will post $0.70 EPS for the current fiscal year.

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Duluth Holdings Profile

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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