Quantamental Technologies LLC Takes Position in Duluth Holdings Inc (DLTH)

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Quantamental Technologies LLC acquired a new stake in Duluth Holdings Inc (NASDAQ:DLTH) in the 1st quarter, Holdings Channel reports. The firm acquired 2,012 shares of the company’s stock, valued at approximately $48,000.

Several other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Duluth by 4,431.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,722 shares of the company’s stock worth $41,000 after acquiring an additional 1,684 shares during the last quarter. Legal & General Group Plc lifted its holdings in Duluth by 37.9% during the 4th quarter. Legal & General Group Plc now owns 1,801 shares of the company’s stock worth $45,000 after buying an additional 495 shares during the last quarter. Advisor Group Inc. lifted its holdings in Duluth by 219.9% during the 4th quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock worth $46,000 after buying an additional 1,249 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Duluth by 298.1% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,185 shares of the company’s stock worth $78,000 after purchasing an additional 2,385 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Duluth by 237.8% during the fourth quarter. Citigroup Inc. now owns 8,482 shares of the company’s stock worth $214,000 after purchasing an additional 5,971 shares in the last quarter. Institutional investors own 41.23% of the company’s stock.

In other Duluth news, COO Allen L. Dittrich sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $25.47, for a total value of $127,350.00. Following the transaction, the chief operating officer now owns 170,686 shares of the company’s stock, valued at $4,347,372.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 40.72% of the company’s stock.

DLTH stock opened at $16.12 on Wednesday. The firm has a market cap of $463.64 million, a PE ratio of 21.99, a PEG ratio of 0.83 and a beta of 0.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.25 and a quick ratio of 0.39. Duluth Holdings Inc has a 52 week low of $15.30 and a 52 week high of $35.67.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, April 4th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.11). The company had revenue of $250.54 million during the quarter, compared to analyst estimates of $258.16 million. Duluth had a net margin of 4.10% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, analysts forecast that Duluth Holdings Inc will post 0.76 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on DLTH shares. BidaskClub cut Duluth from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 15th. ValuEngine raised Duluth from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. DA Davidson raised Duluth from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Thursday, January 24th. They noted that the move was a valuation call. TheStreet downgraded Duluth from a “b-” rating to a “c+” rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research upgraded Duluth from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Duluth presently has an average rating of “Hold” and an average target price of $25.38.

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Duluth 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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