Kornitzer Capital Management Inc. KS purchased a new position in shares of Duluth Holdings Inc. (NASDAQ:DLTH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,000 shares of the company’s stock, valued at approximately $1,785,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. increased its position in Duluth Holdings by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock worth $126,000 after buying an additional 388 shares in the last quarter. Invictus RG acquired a new position in Duluth Holdings during the first quarter worth $182,000. Paloma Partners Management Co acquired a new position in Duluth Holdings during the first quarter worth $212,000. First Dallas Securities Inc. increased its position in Duluth Holdings by 13.4% in the first quarter. First Dallas Securities Inc. now owns 10,150 shares of the company’s stock worth $216,000 after buying an additional 1,200 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. increased its position in Duluth Holdings by 13.6% in the first quarter. Campbell Newman Asset Management Inc. now owns 10,298 shares of the company’s stock worth $219,000 after buying an additional 1,236 shares in the last quarter. Institutional investors and hedge funds own 33.01% of the company’s stock.
Duluth Holdings Inc. (NASDAQ:DLTH) opened at 19.40 on Monday. Duluth Holdings Inc. has a one year low of $16.01 and a one year high of $38.19. The company has a 50-day moving average of $18.26 and a 200 day moving average of $20.36. The company has a market cap of $629.61 million, a P/E ratio of 34.04 and a beta of 0.19.
Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings results on Tuesday, June 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. The firm had revenue of $83.70 million during the quarter, compared to analyst estimates of $82.94 million. Duluth Holdings had a net margin of 4.71% and a return on equity of 17.31%. The business’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. Equities research analysts predict that Duluth Holdings Inc. will post $0.69 EPS for the current year.
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DLTH has been the topic of several recent analyst reports. DA Davidson initiated coverage on shares of Duluth Holdings in a report on Friday, July 21st. They issued a “buy” rating and a $25.00 target price on the stock. Wunderlich reiterated a “buy” rating and issued a $26.00 target price on shares of Duluth Holdings in a report on Thursday, July 20th. BMO Capital Markets set a $30.00 target price on shares of Duluth Holdings and gave the stock a “buy” rating in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Duluth Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus dropped their target price on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, June 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.63.
In other Duluth Holdings news, SVP Allen L. Dittrich sold 10,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total value of $189,900.00. Following the completion of the sale, the senior vice president now owns 241,221 shares in the company, valued at $4,580,786.79. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William E. Ferry sold 12,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $19.18, for a total transaction of $230,160.00. Following the completion of the sale, the director now owns 2,032 shares of the company’s stock, valued at approximately $38,973.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,400 shares of company stock valued at $957,672. Corporate insiders own 70.38% of the company’s stock.
About Duluth Holdings
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.
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