Madison Investment Advisors LLC Acquires New Stake in Duluth Holdings Inc (NASDAQ:DLTH)

Madison Investment Advisors LLC acquired a new stake in Duluth Holdings Inc (NASDAQ:DLTH) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 762,777 shares of the company’s stock, valued at approximately $2,357,000.

Several other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Duluth by 13.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock valued at $806,000 after purchasing an additional 31,837 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after acquiring an additional 77,825 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Duluth by 5.0% during the fourth quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock worth $287,000 after acquiring an additional 4,459 shares in the last quarter. Barclays PLC lifted its position in shares of Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after acquiring an additional 46,527 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Duluth by 106.5% during the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after acquiring an additional 16,743 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTH has been the topic of several recent research reports. StockNews.com initiated coverage on Duluth in a research report on Monday, March 17th. They set a “hold” rating on the stock. Robert W. Baird dropped their target price on Duluth from $3.50 to $2.75 and set a “neutral” rating on the stock in a research report on Friday, March 14th.

Duluth Trading Down 0.9 %

NASDAQ:DLTH opened at $2.09 on Friday. The company has a market cap of $66.49 million, a P/E ratio of -2.11 and a beta of 1.30. Duluth Holdings Inc has a 1 year low of $2.05 and a 1 year high of $5.06. The stock’s fifty day moving average price is $2.79 and its two-hundred day moving average price is $3.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.32). The business had revenue of $241.27 million for the quarter, compared to the consensus estimate of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. As a group, analysts expect that Duluth Holdings Inc will post -0.56 EPS for the current year.

About Duluth

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.