Russell Investments Group Ltd. raised its holdings in Duluth Holdings Inc (NASDAQ:DLTH) by 10.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 494,003 shares of the company’s stock after acquiring an additional 45,643 shares during the quarter. Russell Investments Group Ltd. owned about 1.70% of Duluth worth $10,024,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of DLTH. American International Group Inc. lifted its stake in Duluth by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after acquiring an additional 388 shares during the last quarter. Rhumbline Advisers lifted its stake in Duluth by 9.2% in the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after acquiring an additional 885 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Duluth in the second quarter valued at approximately $242,000. Dupont Capital Management Corp acquired a new stake in Duluth in the second quarter valued at approximately $280,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in Duluth in the second quarter valued at approximately $360,000. Hedge funds and other institutional investors own 37.48% of the company’s stock.
In related news, SVP Allen L. Dittrich sold 15,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.86, for a total transaction of $282,900.00. Following the transaction, the senior vice president now owns 211,221 shares of the company’s stock, valued at $3,983,628.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $18.88, for a total transaction of $536,192.00. Following the transaction, the director now directly owns 2,032 shares in the company, valued at approximately $38,364.16. The disclosure for this sale can be found here. Insiders have sold 117,200 shares of company stock worth $2,282,090 in the last ninety days. 70.38% of the stock is currently owned by insiders.
Duluth Holdings Inc (NASDAQ:DLTH) opened at $18.80 on Tuesday. Duluth Holdings Inc has a 52-week low of $16.01 and a 52-week high of $37.49. The company has a market cap of $549.60, a P/E ratio of 32.57, a PEG ratio of 1.36 and a beta of 0.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.54 and a quick ratio of 0.30.
Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Duluth had a net margin of 4.64% and a return on equity of 17.05%. The company had revenue of $86.20 million for the quarter, compared to analyst estimates of $82.51 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. sell-side analysts forecast that Duluth Holdings Inc will post 0.7 EPS for the current year.
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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