Morgan Dempsey Capital Management LLC reduced its position in Duluth Holdings Inc. (NASDAQ:DLTH) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 60,162 shares of the company’s stock after selling 1,755 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Duluth Holdings were worth $1,472,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its position in 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. Spark Investment Management LLC acquired a new position in Duluth Holdings during the first quarter worth $1,303,000. State Street Corp raised its position in 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. Geode Capital Management LLC raised its position in 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. Finally, Barclays PLC raised its position in 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. 26.93% of the stock is owned by hedge funds and other institutional investors.
Duluth Holdings Inc. (NASDAQ:DLTH) traded up 0.34% during midday trading on Thursday, hitting $26.93. The stock had a trading volume of 226,360 shares. Duluth Holdings Inc. has a 12-month low of $12.76 and a 12-month high of $31.79. The company has a market cap of $871.86 million and a PE ratio of 42.88. The firm has a 50-day moving average of $28.52 and a 200-day moving average of $25.08.
Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, September 8th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Duluth Holdings had a return on equity of 24.89% and a net margin of 5.96%. The firm earned $65.80 million during the quarter. The business’s revenue was up 27.3% on a year-over-year basis. Equities research analysts forecast that Duluth Holdings Inc. will post $0.70 EPS for the current year.
A number of brokerages recently commented on DLTH. Zacks Investment Research raised Duluth Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, July 26th. Robert W. Baird increased their price target on Duluth Holdings from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, September 9th. BMO Capital Markets reissued an “outperform” rating and set a $35.00 price target (up from $28.00) on shares of Duluth Holdings in a research note on Saturday, September 10th. Stifel Nicolaus increased their price target on Duluth Holdings from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, September 2nd. Finally, Wunderlich began coverage on Duluth Holdings in a research note on Tuesday, August 2nd. They set a “buy” rating and a $30.00 price target for the company. Seven research analysts have rated the stock with a buy rating, Duluth Holdings has an average rating of “Buy” and an average price target of $31.00.
In related news, Director William E. Ferry sold 4,180 shares of Duluth Holdings stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $24.61, for a total value of $102,869.80. Following the completion of the transaction, the director now owns 3,333 shares in the company, valued at approximately $82,025.13. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 70.71% of the stock is owned by corporate insiders.
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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