Brave Asset Management Inc. Purchases 4,000 Shares of Duluth Holdings Inc (NASDAQ:DLTH)

Brave Asset Management Inc. boosted its position in shares of Duluth Holdings Inc (NASDAQ:DLTHGet Rating) by 38.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,500 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Brave Asset Management Inc.’s holdings in Duluth were worth $138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in Duluth by 7.5% in the 4th quarter. Northern Trust Corp now owns 138,732 shares of the company’s stock valued at $2,106,000 after acquiring an additional 9,684 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Duluth by 74.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 147,111 shares of the company’s stock worth $2,233,000 after buying an additional 62,824 shares during the period. Disciplined Growth Investors Inc. MN grew its position in shares of Duluth by 1.0% during the 1st quarter. Disciplined Growth Investors Inc. MN now owns 1,023,584 shares of the company’s stock worth $12,518,000 after buying an additional 10,060 shares during the period. Hussman Strategic Advisors Inc. grew its position in shares of Duluth by 50.0% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 156,000 shares of the company’s stock worth $1,908,000 after buying an additional 52,000 shares during the period. Finally, Rice Hall James & Associates LLC grew its position in shares of Duluth by 106.2% during the 4th quarter. Rice Hall James & Associates LLC now owns 292,472 shares of the company’s stock worth $4,440,000 after buying an additional 150,627 shares during the period. Institutional investors and hedge funds own 30.28% of the company’s stock.

Duluth Trading Up 2.8 %

NASDAQ DLTH traded up $0.19 during trading on Friday, reaching $7.08. 5,537 shares of the stock traded hands, compared to its average volume of 122,966. The firm has a market cap of $212.47 million, a price-to-earnings ratio of 10.77 and a beta of 0.87. The stock’s 50-day moving average price is $8.99 and its 200 day moving average price is $10.75. The company has a quick ratio of 0.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.29. Duluth Holdings Inc has a fifty-two week low of $6.80 and a fifty-two week high of $17.25.

Duluth (NASDAQ:DLTHGet Rating) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Duluth had a net margin of 3.12% and a return on equity of 11.05%. During the same quarter last year, the firm posted $0.27 EPS. Analysts predict that Duluth Holdings Inc will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DLTH shares. StockNews.com cut shares of Duluth from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 11th. Stifel Nicolaus lowered their price target on shares of Duluth from $17.00 to $14.00 in a research report on Wednesday, July 20th. Finally, Robert W. Baird decreased their price objective on shares of Duluth from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, September 2nd.

Duluth Company Profile

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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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