Russell Investments Group Ltd. Has $10.02 Million Holdings in Duluth Holdings Inc (DLTH)

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.

A number of equities analysts have recently commented on DLTH shares. FBR & Co reissued a “buy” rating and issued a $26.00 price target on shares of Duluth in a research report on Thursday, August 31st. BMO Capital Markets set a $30.00 price target on shares of Duluth and gave the company a “buy” rating in a research report on Sunday, September 10th. Zacks Investment Research lowered shares of Duluth from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. B. Riley reissued a “buy” rating on shares of Duluth in a research report on Wednesday, November 1st. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 price target on shares of Duluth in a research report on Wednesday, September 6th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.51.

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.

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About Duluth

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.

Institutional Ownership by Quarter for Duluth (NASDAQ:DLTH)

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