Sterling Capital Management LLC Purchases 10,146 Shares of Duluth Holdings Inc (DLTH)

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Sterling Capital Management LLC raised its position in Duluth Holdings Inc (NASDAQ:DLTH) by 47.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,323 shares of the company’s stock after purchasing an additional 10,146 shares during the period. Sterling Capital Management LLC’s holdings in Duluth were worth $985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLTH. Jane Street Group LLC acquired a new stake in shares of Duluth in the second quarter valued at about $205,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Duluth in the third quarter valued at about $263,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Duluth by 39.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock valued at $309,000 after acquiring an additional 3,692 shares during the last quarter. Perkins Capital Management Inc. acquired a new stake in shares of Duluth in the second quarter valued at about $321,000. Finally, US Bancorp DE increased its position in shares of Duluth by 72.3% in the second quarter. US Bancorp DE now owns 22,861 shares of the company’s stock valued at $544,000 after acquiring an additional 9,595 shares during the last quarter. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. DA Davidson lifted their target price on Duluth to $38.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Stifel Nicolaus lifted their target price on Duluth from $26.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research downgraded Duluth from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird downgraded Duluth from an “outperform” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Thursday, August 23rd. Finally, BidaskClub raised Duluth from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 15th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $29.00.

Shares of NASDAQ DLTH opened at $31.13 on Friday. The company has a market cap of $908.29 million, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 1.85 and a beta of 0.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73. Duluth Holdings Inc has a twelve month low of $15.13 and a twelve month high of $35.67.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Wednesday, September 5th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The firm had revenue of $110.65 million for the quarter, compared to the consensus estimate of $106.56 million. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share. On average, analysts anticipate that Duluth Holdings Inc will post 0.84 earnings per share for the current fiscal year.

In other Duluth news, SVP Allen L. Dittrich sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $28.97, for a total transaction of $115,880.00. Following the transaction, the senior vice president now owns 192,186 shares of the company’s stock, valued at $5,567,628.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Allen L. Dittrich sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $31.39, for a total value of $156,950.00. Following the transaction, the senior vice president now directly owns 187,186 shares in the company, valued at approximately $5,875,768.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,830 shares of company stock worth $1,726,349. Company insiders own 70.38% of the company’s stock.

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About Duluth

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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Want to see what other hedge funds are holding DLTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duluth Holdings Inc (NASDAQ:DLTH).

Institutional Ownership by Quarter for Duluth (NASDAQ:DLTH)

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