Kornitzer Capital Management Inc. KS reduced its position in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 35.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,500 shares of the company’s stock after selling 26,100 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Duluth were worth $866,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Summit Creek Advisors LLC raised its stake in Duluth by 1.9% during the 3rd quarter. Summit Creek Advisors LLC now owns 542,557 shares of the company’s stock worth $11,008,000 after buying an additional 9,905 shares during the period. Disciplined Growth Investors Inc. MN acquired a new position in Duluth during the 3rd quarter worth approximately $6,275,000. Vanguard Group Inc. raised its stake in Duluth by 10.2% during the 2nd quarter. Vanguard Group Inc. now owns 440,837 shares of the company’s stock worth $8,028,000 after buying an additional 40,707 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in Duluth during the 3rd quarter worth approximately $6,696,000. Finally, Oak Ridge Investments LLC bought a new stake in Duluth during the 3rd quarter worth approximately $3,548,000. 37.87% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on DLTH shares. B. Riley reissued a “buy” rating on shares of Duluth in a report on Wednesday, November 1st. DA Davidson set a $25.00 price objective on Duluth and gave the stock a “buy” rating in a report on Monday, November 27th. Robert W. Baird reissued a “buy” rating and set a $26.00 price objective on shares of Duluth in a report on Friday, November 10th. Zacks Investment Research raised Duluth from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Friday. Finally, TheStreet lowered Duluth from a “c” rating to a “d+” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $22.00.
Duluth Holdings Inc (NASDAQ DLTH) opened at $16.52 on Tuesday. The stock has a market capitalization of $489.70, a P/E ratio of 31.17, a PEG ratio of 0.89 and a beta of -0.06. The company has a quick ratio of 0.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.59. Duluth Holdings Inc has a twelve month low of $15.13 and a twelve month high of $23.76.
Duluth (NASDAQ:DLTH) last released its earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $83.70 million during the quarter, compared to the consensus estimate of $84.01 million. Duluth had a net margin of 4.16% and a return on equity of 15.23%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share. analysts anticipate that Duluth Holdings Inc will post 0.67 EPS for the current year.
In other news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $18.88, for a total value of $536,192.00. Following the completion of the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at $38,364.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Allen L. Dittrich sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $18.86, for a total value of $282,900.00. Following the completion of the transaction, the senior vice president now directly owns 211,221 shares of the company’s stock, valued at $3,983,628.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,600 shares of company stock valued at $1,169,360. 70.38% of the stock is currently owned by corporate insiders.
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Duluth Company 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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