Oak Ridge Investments LLC reduced its holdings in Duluth Holdings Inc (NASDAQ:DLTH) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 400,471 shares of the company’s stock after selling 39,491 shares during the quarter. Oak Ridge Investments LLC owned 1.37% of Duluth worth $12,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLTH. BlackRock Inc. lifted its stake in Duluth by 0.9% in the first quarter. BlackRock Inc. now owns 723,379 shares of the company’s stock valued at $13,549,000 after acquiring an additional 6,187 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Duluth by 39.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock valued at $309,000 after acquiring an additional 3,692 shares during the last quarter. Perkins Capital Management Inc. acquired a new stake in Duluth in the second quarter valued at approximately $321,000. Canada Pension Plan Investment Board acquired a new stake in Duluth in the second quarter valued at approximately $1,784,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Duluth by 38.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 51,711 shares of the company’s stock valued at $1,231,000 after acquiring an additional 14,454 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Shares of Duluth stock opened at $29.99 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. Duluth Holdings Inc has a 1-year low of $15.13 and a 1-year high of $35.67. The firm has a market capitalization of $909.75 million, a PE ratio of 44.76, a PEG ratio of 1.86 and a beta of 0.17.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Wednesday, September 5th. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. Duluth had a net margin of 4.76% and a return on equity of 16.57%. The business had revenue of $110.65 million during the quarter, compared to analysts’ expectations of $106.56 million. During the same period in the previous year, the company earned $0.13 earnings per share. Duluth’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, analysts anticipate that Duluth Holdings Inc will post 0.84 EPS for the current year.

In other news, insider Stephanie L. Pugliese sold 25,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $32.51, for a total value of $812,750.00. Following the completion of the sale, the insider now directly owns 770,032 shares in the company, valued at $25,033,740.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie L. Pugliese sold 2,830 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $31.18, for a total transaction of $88,239.40. Following the completion of the sale, the insider now owns 768,282 shares of the company’s stock, valued at $23,955,032.76. The disclosure for this sale can be found here. Insiders sold 55,830 shares of company stock valued at $1,726,349 over the last 90 days. 74.90% of the stock is owned by corporate insiders.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Duluth from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research upgraded shares of Duluth from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, September 6th. DA Davidson lifted their target price on shares of Duluth to $38.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 target price on shares of Duluth in a research note on Thursday, August 9th. Finally, ValuEngine cut shares of Duluth from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $29.00.

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Duluth Company Profile

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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