Bank of New York Mellon Corp raised its stake in shares of Duluth Holdings Inc. (NASDAQ:DLTH) by 354.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,530 shares of the company’s stock after buying an additional 79,172 shares during the period. Bank of New York Mellon Corp owned approximately 0.31% of Duluth Holdings worth $2,483,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in DLTH. First Dallas Securities Inc. acquired a new stake in Duluth Holdings during the second quarter valued at about $440,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Duluth Holdings by 45.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 60,886 shares of the company’s stock worth $1,187,000 after buying an additional 19,161 shares during the period. Barclays PLC raised its position in shares of Duluth Holdings by 3,695.2% in the first quarter. Barclays PLC now owns 25,390 shares of the company’s stock worth $482,000 after buying an additional 24,721 shares during the period. State Street Corp raised its position in shares of Duluth Holdings by 53.9% in the first quarter. State Street Corp now owns 98,209 shares of the company’s stock worth $1,917,000 after buying an additional 34,385 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Duluth Holdings by 215.9% in the first quarter. Geode Capital Management LLC now owns 68,327 shares of the company’s stock worth $1,331,000 after buying an additional 46,699 shares during the period. Hedge funds and other institutional investors own 26.93% of the company’s stock.
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) traded up 1.44% during midday trading on Tuesday, reaching $26.80. The company had a trading volume of 159,037 shares. Duluth Holdings Inc. has a one year low of $12.76 and a one year high of $31.79. The company has a 50 day moving average price of $28.64 and a 200-day moving average price of $25.02. The firm has a market capitalization of $867.65 million and a P/E ratio of 42.68.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, September 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business earned $65.80 million during the quarter. Duluth Holdings had a return on equity of 24.89% and a net margin of 5.96%. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts anticipate that Duluth Holdings Inc. will post $0.70 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on DLTH shares. BMO Capital Markets reiterated a “buy” rating and set a $28.00 target price on shares of Duluth Holdings in a research note on Wednesday, June 8th. Zacks Investment Research upgraded Duluth Holdings from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Monday, September 12th. Wunderlich started coverage on Duluth Holdings in a research note on Tuesday, August 2nd. They set a “buy” rating and a $30.00 target price on the stock. Stifel Nicolaus increased their target price on Duluth Holdings from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, September 2nd. Finally, Robert W. Baird increased their target price on Duluth Holdings from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, September 9th. Seven research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $31.00.
In other Duluth Holdings news, Director William E. Ferry sold 4,180 shares of Duluth Holdings stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $30.18, for a total transaction of $126,152.40. Following the completion of the transaction, the director now owns 3,333 shares in the company, valued at approximately $100,589.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 70.71% of the company’s stock.
Duluth Holdings Company Profile
Duluth Holdings Inc (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products, such as Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail.
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