Summit Creek Advisors LLC Grows Stake in Duluth Holdings Inc. (DLTH)

Summit Creek Advisors LLC grew its position in Duluth Holdings Inc. (NASDAQ:DLTH) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 542,557 shares of the company’s stock after acquiring an additional 9,905 shares during the quarter. Duluth Holdings comprises 2.2% of Summit Creek Advisors LLC’s holdings, making the stock its 23rd largest position. Summit Creek Advisors LLC owned 1.67% of Duluth Holdings worth $11,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. lifted its position in shares of Duluth Holdings by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after acquiring an additional 388 shares in the last quarter. Rhumbline Advisers lifted its position in Duluth Holdings by 9.2% during the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $192,000 after buying an additional 885 shares in the last quarter. Paloma Partners Management Co purchased a new position in Duluth Holdings during the first quarter worth approximately $212,000. UBS Asset Management Americas Inc. purchased a new position in Duluth Holdings during the second quarter worth approximately $242,000. Finally, Dupont Capital Management Corp purchased a new position in Duluth Holdings during the second quarter worth approximately $280,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

In other news, SVP Allen L. Dittrich sold 10,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total transaction of $189,900.00. Following the transaction, the senior vice president now owns 241,221 shares of the company’s stock, valued at $4,580,786.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Ferry sold 28,400 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total transaction of $537,612.00. Following the transaction, the director now directly owns 2,032 shares in the company, valued at approximately $38,465.76. The disclosure for this sale can be found here. Insiders have sold 97,200 shares of company stock worth $1,900,872 in the last ninety days. Corporate insiders own 70.38% of the company’s stock.

A number of equities analysts recently commented on DLTH shares. Zacks Investment Research upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. FBR & Co reiterated a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, August 31st. BMO Capital Markets set a $30.00 price objective on Duluth Holdings and gave the stock a “buy” rating in a research report on Sunday, September 10th. Wunderlich reiterated a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, July 20th. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Duluth Holdings in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $26.38.

Shares of Duluth Holdings Inc. (NASDAQ:DLTH) traded up 1.20% during midday trading on Monday, hitting $20.17. The stock had a trading volume of 39,315 shares. Duluth Holdings Inc. has a 12-month low of $16.01 and a 12-month high of $38.19. The stock has a 50-day moving average price of $19.79 and a 200-day moving average price of $19.60. The stock has a market cap of $654.68 million, a P/E ratio of 34.19 and a beta of 0.20.

Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $82.51 million. During the same quarter last year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. Equities analysts forecast that Duluth Holdings Inc. will post $0.70 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/23/summit-creek-advisors-llc-grows-stake-in-duluth-holdings-inc-dlth.html.

Duluth Holdings Profile

Duluth Holdings Inc is a lifestyle brand of men’s a

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. lifted its position in shares of Duluth Holdings by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after acquiring an additional 388 shares in the last quarter. Rhumbline Advisers lifted its position in Duluth Holdings by 9.2% during the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $192,000 after buying an additional 885 shares in the last quarter. Paloma Partners Management Co purchased a new position in Duluth Holdings during the first quarter worth approximately $212,000. UBS Asset Management Americas Inc. purchased a new position in Duluth Holdings during the second quarter worth approximately $242,000. Finally, Dupont Capital Management Corp purchased a new position in Duluth Holdings during the second quarter worth approximately $280,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

In other news, SVP Allen L. Dittrich sold 10,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total transaction of $189,900.00. Following the transaction, the senior vice president now owns 241,221 shares of the company’s stock, valued at $4,580,786.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Ferry sold 28,400 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total transaction of $537,612.00. Following the transaction, the director now directly owns 2,032 shares in the company, valued at approximately $38,465.76. The disclosure for this sale can be found here. Insiders have sold 97,200 shares of company stock worth $1,900,872 in the last ninety days. Corporate insiders own 70.38% of the company’s stock.

A number of equities analysts recently commented on DLTH shares. Zacks Investment Research upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. FBR & Co reiterated a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, August 31st. BMO Capital Markets set a $30.00 price objective on Duluth Holdings and gave the stock a “buy” rating in a research report on Sunday, September 10th. Wunderlich reiterated a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, July 20th. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Duluth Holdings in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $26.38.

Shares of Duluth Holdings Inc. (NASDAQ:DLTH) traded up 1.20% during midday trading on Monday, hitting $20.17. The stock had a trading volume of 39,315 shares. Duluth Holdings Inc. has a 12-month low of $16.01 and a 12-month high of $38.19. The stock has a 50-day moving average price of $19.79 and a 200-day moving average price of $19.60. The stock has a market cap of $654.68 million, a P/E ratio of 34.19 and a beta of 0.20.

Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $82.51 million. During the same quarter last year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. Equities analysts forecast that Duluth Holdings Inc. will post $0.70 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/23/summit-creek-advisors-llc-grows-stake-in-duluth-holdings-inc-dlth.html.

Duluth Holdings 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.

Want to see what other hedge funds are holding DLTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duluth Holdings Inc. (NASDAQ:DLTH).

Institutional Ownership by Quarter for Duluth Holdings (NASDAQ:DLTH)

Receive News & Ratings for Duluth Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply