Tieton Capital Management LLC Buys New Stake in Duluth Holdings Inc. $DLTH

Tieton Capital Management LLC bought a new position in Duluth Holdings Inc. (NASDAQ:DLTH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 726,508 shares of the company’s stock, valued at approximately $3,255,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in Duluth by 114.8% during the first quarter. Sei Investments Co. now owns 363,551 shares of the company’s stock valued at $1,149,000 after acquiring an additional 194,302 shares during the period. Blair William & Co. IL increased its stake in shares of Duluth by 17.2% in the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after purchasing an additional 16,678 shares during the period. Empowered Funds LLC increased its stake in shares of Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock worth $177,000 after purchasing an additional 8,597 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Duluth by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after purchasing an additional 29,521 shares during the last quarter. Finally, Barclays PLC boosted its stake in Duluth by 32.2% during the 4th quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after purchasing an additional 14,136 shares during the period. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analyst Ratings Changes

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

Duluth Stock Up 0.3%

Shares of DLTH opened at $3.81 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.30 and a current ratio of 1.62. The company has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $3.41. Duluth Holdings Inc. has a 52 week low of $2.02 and a 52 week high of $5.09. The firm has a market capitalization of $144.78 million, a P/E ratio of -11.91 and a beta of 1.40.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.19. Duluth had a negative return on equity of 3.69% and a negative net margin of 2.00%.The firm had revenue of $98.59 million during the quarter, compared to analysts’ expectations of $93.69 million. On average, equities research analysts expect 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.