Duluth Holdings Inc. $DLTH Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its holdings in Duluth Holdings Inc. (NASDAQ:DLTH) by 114.8% during the 1st quarter, according to its most recent 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 period. Sei Investments Co. owned about 0.99% of Duluth worth $1,149,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Empowered Funds LLC lifted its position in Duluth by 9.3% during the first 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 period. Barclays PLC grew its position in Duluth by 32.2% during the 4th quarter. Barclays PLC now owns 58,043 shares of the company’s stock worth $121,000 after purchasing an additional 14,136 shares during the period. Blair William & Co. IL raised its stake in shares of Duluth by 17.2% during the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after buying an additional 16,678 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Duluth during the 3rd quarter valued at about $85,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Duluth in the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Trading Up 0.5%

Shares of NASDAQ:DLTH opened at $4.00 on Wednesday. The business’s 50 day moving average price is $4.23 and its 200-day moving average price is $3.34. Duluth Holdings Inc. has a 1 year low of $2.02 and a 1 year high of $5.09. The firm has a market capitalization of $152.01 million, a price-to-earnings ratio of -12.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 0.30.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Monday, June 8th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.19. The company had revenue of $98.59 million during the quarter, compared to analyst estimates of $93.69 million. Duluth had a negative net margin of 2.00% and a negative return on equity of 3.69%. On average, equities research analysts forecast that Duluth Holdings Inc. will post -0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on DLTH shares. Weiss Ratings upgraded Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Wall Street Zen upgraded Duluth to a “hold” rating in a research report on Saturday, May 23rd. Finally, Zacks Research downgraded Duluth from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.