Summit Creek Advisors LLC lowered its position in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 535,682 shares of the company’s stock after selling 6,875 shares during the quarter. Duluth accounts for 1.8% of Summit Creek Advisors LLC’s holdings, making the stock its 28th biggest position. Summit Creek Advisors LLC’s holdings in Duluth were worth $9,562,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in shares of Duluth in the 3rd quarter valued at approximately $158,000. Rhumbline Advisers boosted its holdings in shares of Duluth by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after buying an additional 885 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Duluth in the 2nd quarter valued at approximately $242,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Duluth in the 2nd quarter valued at approximately $360,000. Finally, Dupont Capital Management Corp boosted its holdings in shares of Duluth by 61.7% in the 3rd quarter. Dupont Capital Management Corp now owns 24,840 shares of the company’s stock valued at $504,000 after buying an additional 9,475 shares during the last quarter. 37.37% of the stock is owned by hedge funds and other institutional investors.
Duluth Holdings Inc (NASDAQ:DLTH) traded down $0.06 on Tuesday, reaching $17.82. The company had a trading volume of 310,200 shares, compared to its average volume of 313,633. Duluth Holdings Inc has a twelve month low of $15.13 and a twelve month high of $26.38. The company has a current ratio of 2.47, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The company has a market cap of $578.79 and a PE ratio of 32.40.
Several equities research analysts have recently commented on the company. BMO Capital Markets downgraded Duluth from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. DA Davidson set a $25.00 price objective on Duluth and gave the company a “buy” rating in a report on Monday, November 27th. Zacks Investment Research upgraded Duluth from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Robert W. Baird restated a “buy” rating and issued a $26.00 price target on shares of Duluth in a research note on Friday, November 10th. Finally, B. Riley restated a “buy” rating on shares of Duluth in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $22.43.
In other Duluth news, Director William E. Ferry sold 28,400 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $19.67, for a total transaction of $558,628.00. Following the transaction, the director now owns 2,032 shares in the company, valued at approximately $39,969.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Allen L. Dittrich sold 15,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $18.86, for a total value of $282,900.00. Following the transaction, the senior vice president now owns 211,221 shares in the company, valued at approximately $3,983,628.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,800 shares of company stock worth $1,672,470. 70.38% of the stock is owned by company insiders.
Duluth Company Profile
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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