Wasatch Advisors Inc. lessened its position in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 4.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 116,265 shares of the company’s stock after selling 5,709 shares during the quarter. Wasatch Advisors Inc.’s holdings in Duluth were worth $2,075,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLTH. Cooper Creek Partners Management LLC grew its holdings in Duluth by 351.0% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock valued at $9,803,000 after buying an additional 418,965 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Duluth during the 3rd quarter valued at approximately $6,696,000. Disciplined Growth Investors Inc. MN purchased a new position in Duluth during the 3rd quarter valued at approximately $6,275,000. Oak Ridge Investments LLC purchased a new position in Duluth during the 3rd quarter valued at approximately $3,548,000. Finally, Franklin Resources Inc. grew its holdings in Duluth by 24.9% during the 2nd quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock valued at $14,497,000 after buying an additional 158,489 shares in the last quarter. Institutional investors and hedge funds own 37.37% of the company’s stock.
In related news, SVP Allen L. Dittrich sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total transaction of $294,750.00. Following the completion of the sale, the senior vice president now directly owns 226,221 shares of the company’s stock, valued at approximately $4,445,242.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $18.88, for a total value of $536,192.00. Following the sale, the director now directly owns 2,032 shares of the company’s stock, valued at $38,364.16. The disclosure for this sale can be found here. Insiders have sold a total of 86,800 shares of company stock valued at $1,672,470 over the last three months. 70.38% of the stock is owned by corporate insiders.
Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $84.01 million. Duluth had a net margin of 4.16% and a return on equity of 15.23%. Duluth’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. sell-side analysts predict that Duluth Holdings Inc will post 0.67 earnings per share for the current fiscal year.
DLTH has been the subject of several analyst reports. BMO Capital Markets lowered Duluth from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered Duluth from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. B. Riley reaffirmed a “buy” rating on shares of Duluth in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Duluth in a research note on Friday, November 10th. Finally, DA Davidson set a $25.00 price objective on Duluth and gave the company a “buy” rating in a research note on Monday, November 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.43.
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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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