Paloma Partners Management Co bought a new position in Duluth Holdings Inc. (NASDAQ:DLTH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,966 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also recently bought and sold shares of DLTH. Thrivent Financial For Lutherans boosted its position in shares of Duluth Holdings by 43.4% in the first quarter. Thrivent Financial For Lutherans now owns 506,007 shares of the company’s stock valued at $10,773,000 after buying an additional 153,100 shares during the period. Vanguard Group Inc. boosted its position in shares of Duluth Holdings by 8.1% in the first quarter. Vanguard Group Inc. now owns 400,130 shares of the company’s stock valued at $8,519,000 after buying an additional 29,935 shares during the period. Hodges Capital Management Inc. boosted its position in shares of Duluth Holdings by 3.4% in the first quarter. Hodges Capital Management Inc. now owns 324,375 shares of the company’s stock valued at $6,906,000 after buying an additional 10,575 shares during the period. Cortina Asset Management LLC boosted its position in shares of Duluth Holdings by 21.1% in the first quarter. Cortina Asset Management LLC now owns 316,790 shares of the company’s stock valued at $6,744,000 after buying an additional 55,174 shares during the period. Finally, Kennedy Capital Management Inc. boosted its position in shares of Duluth Holdings by 22.8% in the first quarter. Kennedy Capital Management Inc. now owns 232,027 shares of the company’s stock valued at $4,940,000 after buying an additional 43,118 shares during the period. Institutional investors and hedge funds own 33.20% of the company’s stock.

Shares of Duluth Holdings Inc. (NASDAQ DLTH) traded up 1.37% during midday trading on Friday, reaching $19.22. The company’s stock had a trading volume of 277,486 shares. The company has a market capitalization of $623.77 million, a P/E ratio of 33.72 and a beta of 0.19. Duluth Holdings Inc. has a 1-year low of $16.01 and a 1-year high of $38.19. The stock has a 50 day moving average of $18.92 and a 200-day moving average of $20.00.

Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings results on Tuesday, June 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by $0.04. Duluth Holdings had a net margin of 4.71% and a return on equity of 17.31%. The firm had revenue of $83.70 million during the quarter, compared to analyst estimates of $82.94 million. During the same quarter in the previous year, the business posted $0.10 EPS. Duluth Holdings’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities research analysts anticipate that Duluth Holdings Inc. will post $0.69 earnings per share for the current year.

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Several equities analysts recently issued reports on the company. BidaskClub upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research cut Duluth Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets set a $30.00 price target on Duluth Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. Robert W. Baird lowered their price objective on Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, June 9th. Finally, Stifel Nicolaus lowered their price objective on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, June 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $26.38.

In related news, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $18.93, for a total transaction of $537,612.00. Following the transaction, the director now owns 2,032 shares in the company, valued at $38,465.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Allen L. Dittrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total transaction of $189,900.00. Following the transaction, the senior vice president now owns 241,221 shares in the company, valued at approximately $4,580,786.79. The disclosure for this sale can be found here. Insiders have sold 50,400 shares of company stock worth $957,672 in the last quarter. Company insiders own 70.38% of the company’s stock.

Duluth Holdings Company Profile

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 Holdings (NASDAQ:DLTH)

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