Duluth Holdings Inc (DLTH) Position Lifted by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its holdings in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 47.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,323 shares of the company’s stock after buying an additional 10,146 shares during the period. Sterling Capital Management LLC owned approximately 0.11% of Duluth worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of Duluth in the 3rd quarter valued at $263,000. Russell Investments Group Ltd. boosted its position in shares of Duluth by 10.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 155,721 shares of the company’s stock worth $4,899,000 after purchasing an additional 14,340 shares during the last quarter. Summit Creek Advisors LLC boosted its position in shares of Duluth by 10.3% in the 3rd quarter. Summit Creek Advisors LLC now owns 325,465 shares of the company’s stock worth $10,239,000 after purchasing an additional 30,380 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Duluth in the 2nd quarter worth $205,000. Finally, PEAK6 Investments L.P. bought a new position in shares of Duluth in the 2nd quarter worth $1,015,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:DLTH opened at $31.13 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73. The firm has a market capitalization of $908.29 million, a PE ratio of 44.40, a P/E/G ratio of 1.85 and a beta of 0.17. Duluth Holdings Inc has a 12-month low of $15.13 and a 12-month high of $35.67.

Duluth (NASDAQ:DLTH) last posted its earnings results on Wednesday, September 5th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The firm had revenue of $110.65 million for the quarter, compared to analyst estimates of $106.56 million. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. Analysts forecast that Duluth Holdings Inc will post 0.84 EPS for the current fiscal year.

Several research firms have recently issued reports on DLTH. Zacks Investment Research lowered Duluth from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus raised their price target on Duluth from $26.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th. BidaskClub upgraded Duluth from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 15th. ValuEngine lowered Duluth from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, DA Davidson raised their price target on Duluth to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.00.

In other Duluth news, COO Allen L. Dittrich sold 5,000 shares of Duluth stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $30.72, for a total transaction of $153,600.00. Following the transaction, the chief operating officer now directly owns 182,186 shares in the company, valued at $5,596,753.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie L. Pugliese sold 25,000 shares of Duluth stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $32.51, for a total value of $812,750.00. Following the transaction, the insider now owns 770,032 shares in the company, valued at $25,033,740.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,830 shares of company stock worth $1,726,349. Corporate insiders own 70.38% of the company’s stock.

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Duluth Company Profile

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.

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Institutional Ownership by Quarter for Duluth (NASDAQ:DLTH)

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