Copper Rock Capital Partners LLC Buys New Stake in Duluth Holdings Inc. (DLTH)
Copper Rock Capital Partners LLC bought a new stake in shares of Duluth Holdings Inc. (NASDAQ:DLTH) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 841,717 shares of the company’s stock, valued at approximately $22,373,000. Copper Rock Capital Partners LLC owned about 2.60% of Duluth Holdings at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Duluth Holdings by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,222 shares of the company’s stock valued at $593,000 after buying an additional 378 shares during the period. Stifel Financial Corp purchased a new stake in shares of Duluth Holdings during the second quarter valued at approximately $463,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Duluth Holdings during the second quarter valued at approximately $150,000. First Allied Advisory Services Inc. purchased a new stake in shares of Duluth Holdings during the second quarter valued at approximately $527,000. Finally, Barclays PLC increased its stake in shares of Duluth Holdings by 3.3% in the second quarter. Barclays PLC now owns 26,224 shares of the company’s stock valued at $641,000 after buying an additional 834 shares during the period. 26.93% of the stock is owned by institutional investors and hedge funds.
Duluth Holdings Inc. (NASDAQ:DLTH) opened at 26.93 on Friday. The stock’s 50 day moving average is $28.43 and its 200 day moving average is $25.10. The firm has a market cap of $871.86 million and a price-to-earnings ratio of 42.88. Duluth Holdings Inc. has a 52 week low of $12.76 and a 52 week high of $31.79.
Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The firm earned $65.80 million during the quarter. Duluth Holdings had a net margin of 5.96% and a return on equity of 24.89%. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. Equities research analysts expect that Duluth Holdings Inc. will post $0.70 EPS for the current year.
Several equities research analysts recently commented on DLTH shares. Wunderlich started coverage on shares of Duluth Holdings in a research report on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 price target for the company. Robert W. Baird reiterated an “outperform” rating and issued a $29.00 target price on shares of Duluth Holdings in a research report on Wednesday, July 6th. Stifel Nicolaus increased their target price on shares of Duluth Holdings from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, September 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $35.00 target price (up previously from $28.00) on shares of Duluth Holdings in a research report on Saturday, September 10th. Finally, Zacks Investment Research downgraded shares of Duluth Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $31.00.
In related news, Director William E. Ferry sold 4,180 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $30.18, for a total transaction of $126,152.40. Following the completion of the transaction, the director now owns 3,333 shares in the company, valued at $100,589.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 70.71% of the company’s stock.
About Duluth Holdings
Duluth Holdings Inc (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products, such as Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail.
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