Allianz Asset Management GmbH cut its stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,696 shares of the company’s stock after selling 7,116 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.25% of Duluth worth $1,280,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN bought a new position in shares of Duluth during the third quarter valued at approximately $6,275,000. Vanguard Group Inc. grew its holdings in shares of Duluth by 10.2% during the second quarter. Vanguard Group Inc. now owns 440,837 shares of the company’s stock valued at $8,028,000 after purchasing an additional 40,707 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Duluth by 616.7% during the second quarter. Dimensional Fund Advisors LP now owns 127,430 shares of the company’s stock valued at $2,321,000 after purchasing an additional 109,649 shares during the last quarter. Skylands Capital LLC grew its holdings in shares of Duluth by 149.8% during the fourth quarter. Skylands Capital LLC now owns 251,600 shares of the company’s stock valued at $4,491,000 after purchasing an additional 150,896 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of Duluth by 34.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 442,700 shares of the company’s stock valued at $7,902,000 after purchasing an additional 112,700 shares during the last quarter. 43.00% of the stock is owned by institutional investors.
Several research firms have recently commented on DLTH. Zacks Investment Research lowered Duluth from a “buy” rating to a “hold” rating in a report on Friday. Robert W. Baird lowered their target price on Duluth from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, March 21st. Stifel Nicolaus reaffirmed a “hold” rating on shares of Duluth in a report on Wednesday, January 31st. BidaskClub raised Duluth from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, TheStreet lowered Duluth from a “c” rating to a “d+” rating in a report on Thursday, December 14th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Duluth presently has an average rating of “Buy” and a consensus target price of $21.86.
Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Tuesday, March 20th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Duluth had a return on equity of 17.37% and a net margin of 4.95%. The business had revenue of $217.80 million during the quarter, compared to analyst estimates of $208.70 million. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. analysts anticipate that Duluth Holdings Inc will post 0.83 earnings per share for the current fiscal year.
In related news, Director William E. Ferry sold 20,200 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $16.72, for a total value of $337,744.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 70.38% of the company’s stock.
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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