Gradient Investments LLC increased its position in shares of Duluth Holdings Inc. (NASDAQ:DLTH) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,330 shares of the company’s stock after buying an additional 1,170 shares during the period. Gradient Investments LLC owned about 0.05% of Duluth Holdings worth $297,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. American International Group Inc. increased its position in shares of Duluth Holdings by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock worth $126,000 after buying an additional 388 shares during the last quarter. Invictus RG bought a new position in shares of Duluth Holdings during the first quarter worth approximately $182,000. Paloma Partners Management Co bought a new position in shares of Duluth Holdings during the first quarter worth approximately $212,000. First Dallas Securities Inc. increased its position in shares of Duluth Holdings by 13.4% in the first quarter. First Dallas Securities Inc. now owns 10,150 shares of the company’s stock worth $216,000 after buying an additional 1,200 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. increased its position in shares of Duluth Holdings by 13.6% in the first quarter. Campbell Newman Asset Management Inc. now owns 10,298 shares of the company’s stock worth $219,000 after buying an additional 1,236 shares during the last quarter. Institutional investors own 31.50% of the company’s stock.
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) traded up 1.83% during midday trading on Friday, reaching $19.48. The company had a trading volume of 270,345 shares. Duluth Holdings Inc. has a 12 month low of $16.01 and a 12 month high of $38.19. The firm’s 50 day moving average price is $18.04 and its 200-day moving average price is $20.78. The company has a market capitalization of $632.20 million, a P/E ratio of 34.18 and a beta of 0.15.
Duluth Holdings (NASDAQ:DLTH) last announced its earnings results on Tuesday, June 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.04. Duluth Holdings had a return on equity of 17.31% and a net margin of 4.71%. The company had revenue of $83.70 million for the quarter, compared to analyst estimates of $82.94 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Duluth Holdings’s revenue for the quarter was up 22.0% on a year-over-year basis. Analysts anticipate that Duluth Holdings Inc. will post $0.69 earnings per share for the current fiscal year.
A number of equities analysts have commented on the company. BMO Capital Markets set a $30.00 target price on Duluth Holdings and gave the company a “buy” rating in a research note on Tuesday, June 6th. Stifel Nicolaus cut their price target on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, June 7th. DA Davidson started coverage on Duluth Holdings in a report on Friday. They set a “buy” rating and a $25.00 price target on the stock. Robert W. Baird cut their price target on Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, June 9th. Finally, Wunderlich reaffirmed a “buy” rating and set a $36.00 price target on shares of Duluth Holdings in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $27.63.
In related news, Director E David Coolidge III bought 15,000 shares of Duluth Holdings stock in a transaction dated Thursday, June 15th. The shares were bought at an average cost of $17.25 per share, for a total transaction of $258,750.00. Following the completion of the transaction, the director now owns 5,365 shares of the company’s stock, valued at $92,546.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Ferry sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $21.77, for a total transaction of $261,240.00. Following the transaction, the director now owns 3,333 shares in the company, valued at $72,559.41. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $709,800 over the last quarter. 70.38% of the stock is owned by company insiders.
About Duluth Holdings
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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