Wells Fargo & Company MN raised its position in shares of Duluth Holdings Inc. (NASDAQ:DLTH) by 254.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,669 shares of the company’s stock after acquiring an additional 34,931 shares during the period. Wells Fargo & Company MN owned approximately 0.15% of Duluth Holdings worth $886,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of DLTH. American International Group Inc. boosted its holdings in shares of Duluth Holdings by 7.0% during the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock worth $126,000 after acquiring an additional 388 shares during the period. Rhumbline Advisers boosted its holdings in shares of Duluth Holdings by 9.2% during the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $192,000 after acquiring an additional 885 shares during the period. Paloma Partners Management Co bought a new stake in shares of Duluth Holdings during the first quarter worth approximately $212,000. Dupont Capital Management Corp bought a new stake in shares of Duluth Holdings during the second quarter worth approximately $280,000. Finally, Gradient Investments LLC boosted its holdings in shares of Duluth Holdings by 7.7% during the second quarter. Gradient Investments LLC now owns 16,330 shares of the company’s stock worth $297,000 after acquiring an additional 1,170 shares during the period. Institutional investors own 34.59% of the company’s stock.
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) opened at $18.00 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.54 and a quick ratio of 0.30. The stock has a market capitalization of $523.70, a P/E ratio of 31.03, a P/E/G ratio of 1.29 and a beta of 0.19. Duluth Holdings Inc. has a 12 month low of $16.01 and a 12 month high of $38.19.
Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $82.51 million. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The firm’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. research analysts predict that Duluth Holdings Inc. will post 0.7 EPS for the current year.
In related news, SVP Allen L. Dittrich sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total value of $294,750.00. Following the completion of the sale, the senior vice president now directly owns 226,221 shares in the company, valued at $4,445,242.65. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William E. Ferry sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total value of $38,780.00. Following the completion of the sale, the director now owns 2,032 shares of the company’s stock, valued at $39,400.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,200 shares of company stock valued at $2,026,738. 70.38% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on the company. Raymond James Financial, Inc. cut Duluth Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 23rd. Robert W. Baird restated a “buy” rating on shares of Duluth Holdings in a report on Friday, September 8th. BMO Capital Markets set a $30.00 price objective on Duluth Holdings and gave the stock a “buy” rating in a report on Tuesday, August 8th. BidaskClub upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, DA Davidson assumed coverage on Duluth Holdings in a report on Friday, July 21st. They set a “buy” rating and a $25.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $26.38.
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Duluth Holdings 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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