American International Group Inc. boosted its position in Duluth Holdings Inc. (NASDAQ:DLTH) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,904 shares of the company’s stock after buying an additional 388 shares during the period. American International Group Inc.’s holdings in Duluth Holdings were worth $126,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC increased its position in Duluth Holdings by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock worth $445,000 after buying an additional 980 shares during the period. 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 during the period. 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 during the period. Wells Fargo & Company MN increased its position in Duluth Holdings by 33.5% in the first quarter. Wells Fargo & Company MN now owns 13,738 shares of the company’s stock worth $292,000 after buying an additional 3,450 shares during the period. Finally, TD Asset Management Inc. increased its position in Duluth Holdings by 10.4% in the first quarter. TD Asset Management Inc. now owns 84,700 shares of the company’s stock worth $1,803,000 after buying an additional 8,000 shares during the period. Institutional investors and hedge funds own 33.01% of the company’s stock.

Duluth Holdings Inc. (NASDAQ DLTH) opened at 19.44 on Tuesday. Duluth Holdings Inc. has a one year low of $16.01 and a one year high of $38.19. The stock’s 50 day moving average price is $18.26 and its 200 day moving average price is $20.36. The company has a market capitalization of $630.91 million, a P/E ratio of 34.11 and a beta of 0.19.

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

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A number of research firms have issued reports on DLTH. Robert W. Baird decreased their price objective on Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, June 9th. Zacks Investment Research upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. DA Davidson began coverage on Duluth Holdings in a report on Friday, July 21st. They issued a “buy” rating and a $25.00 price objective for the company. BMO Capital Markets set a $30.00 price target on Duluth Holdings and gave the company a “buy” rating in a report on Tuesday, June 6th. Finally, Stifel Nicolaus reduced their price target on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, June 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $27.63.

In other news, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total value of $537,612.00. Following the completion of the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $38,465.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William E. Ferry sold 12,000 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $19.18, for a total value of $230,160.00. Following the completion of the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at $38,973.76. The disclosure for this sale can be found here. Over the last three months, 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.

Institutional Ownership by Quarter for Duluth Holdings (NASDAQ:DLTH)

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