Madison Asset Management LLC Takes $3.42 Million Position in Duluth Holdings Inc. $DLTH

Madison Asset Management LLC purchased a new stake in shares of Duluth Holdings Inc. (NASDAQ:DLTH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 762,777 shares of the company’s stock, valued at approximately $3,417,000. Madison Asset Management LLC owned 2.01% of Duluth as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after buying an additional 29,521 shares during the period. Empowered Funds LLC increased its position in Duluth by 9.3% during the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after acquiring an additional 8,597 shares during the last quarter. Blair William & Co. IL increased its position in Duluth by 17.2% during the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after acquiring an additional 16,678 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Duluth in the third quarter valued at $85,000. Finally, Barclays PLC raised its stake in shares of Duluth by 32.2% in the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after acquiring an additional 14,136 shares during the period. 24.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DLTH has been the subject of several analyst reports. Zacks Research lowered shares of Duluth from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Duluth to a “hold” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised shares of Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.00.

Duluth Stock Performance

DLTH stock opened at $3.84 on Friday. Duluth Holdings Inc. has a twelve month low of $2.02 and a twelve month high of $5.09. The firm has a market cap of $145.93 million, a price-to-earnings ratio of -12.00 and a beta of 1.40. The business’s fifty day simple moving average is $4.21 and its two-hundred day simple moving average is $3.42. The company has a quick ratio of 0.30, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

Duluth (NASDAQ:DLTH) last issued its earnings results on Monday, June 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.19. The firm had revenue of $98.59 million during the quarter, compared to analyst estimates of $93.69 million. Duluth had a negative net margin of 2.00% and a negative return on equity of 3.69%. Analysts predict that Duluth Holdings Inc. will post -0.26 earnings per share for the current year.

Duluth Profile

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.