TIAA CREF Investment Management LLC Grows Position in Duluth Holdings Inc. (DLTH)
TIAA CREF Investment Management LLC increased its position in shares of Duluth Holdings Inc. (NASDAQ:DLTH) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,115 shares of the company’s stock after purchasing an additional 1,397 shares during the quarter. TIAA CREF Investment Management LLC owned 0.08% of Duluth Holdings worth $476,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in Duluth Holdings by 254.3% during the second quarter. Wells Fargo & Company MN now owns 48,669 shares of the company’s stock worth $886,000 after purchasing an additional 34,931 shares during the period. Franklin Resources Inc. lifted its position in Duluth Holdings by 24.9% during the second quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock worth $14,497,000 after purchasing an additional 158,489 shares during the period. Bank of New York Mellon Corp lifted its position in Duluth Holdings by 87.2% during the second quarter. Bank of New York Mellon Corp now owns 336,659 shares of the company’s stock worth $6,130,000 after purchasing an additional 156,857 shares during the period. Denver Investment Advisors LLC lifted its position in Duluth Holdings by 109.1% during the second quarter. Denver Investment Advisors LLC now owns 54,870 shares of the company’s stock worth $999,000 after purchasing an additional 28,625 shares during the period. Finally, Dupont Capital Management Corp bought a new stake in Duluth Holdings during the second quarter worth about $280,000. 34.14% of the stock is owned by institutional investors and hedge funds.
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In other news, Director William E. Ferry sold 28,400 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $20.10, for a total value of $570,840.00. Following the completion of the transaction, the director now owns 2,032 shares of the company’s stock, valued at $40,843.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Allen L. Dittrich sold 15,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total transaction of $294,750.00. Following the completion of the transaction, the senior vice president now directly owns 226,221 shares of the company’s stock, valued at approximately $4,445,242.65. The disclosure for this sale can be found here. Insiders sold 102,200 shares of company stock valued at $2,026,738 in the last three months. Company insiders own 70.38% of the company’s stock.
Several research firms recently weighed in on DLTH. Robert W. Baird reaffirmed a “buy” rating on shares of Duluth Holdings in a research report on Friday, September 8th. Raymond James Financial, Inc. cut shares of Duluth Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 23rd. BMO Capital Markets set a $30.00 price objective on shares of Duluth Holdings and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Zacks Investment Research raised shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, August 8th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.51.
Duluth Holdings Inc. (DLTH) opened at $18.14 on Friday. The company has a market cap of $527.78, a PE ratio of 31.28, a PEG ratio of 1.30 and a beta of 0.19. The company has a quick ratio of 0.30, a current ratio of 2.54 and a debt-to-equity ratio of 0.17. Duluth Holdings Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $38.19.
Duluth Holdings (NASDAQ:DLTH) last posted its earnings results on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $82.51 million. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. equities research analysts forecast that Duluth Holdings Inc. will post 0.7 EPS for the current fiscal year.
Duluth Holdings 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.
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