Summit Creek Advisors LLC Sells 6,875 Shares of Duluth Holdings Inc (DLTH)

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.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Duluth had a net margin of 4.16% and a return on equity of 15.23%. The business had revenue of $83.70 million during the quarter, compared to the consensus estimate of $84.01 million. During the same quarter last year, the company posted $0.01 EPS. The firm’s revenue was up 24.9% on a year-over-year basis. analysts predict that Duluth Holdings Inc will post 0.67 earnings per share for the current year.

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.

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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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Institutional Ownership by Quarter for Duluth (NASDAQ:DLTH)

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