Madison Investment Advisors LLC Invests $2.36 Million in Duluth Holdings Inc (NASDAQ:DLTH)

Madison Investment Advisors LLC bought a new position in shares of Duluth Holdings Inc (NASDAQ:DLTH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 762,777 shares of the company's stock, valued at approximately $2,357,000. Madison Investment Advisors LLC owned 2.40% of Duluth as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DLTH. Connor Clark & Lunn Investment Management Ltd. boosted its position in Duluth by 142.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company's stock worth $862,000 after purchasing an additional 134,520 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Duluth by 288.9% during the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company's stock valued at $394,000 after purchasing an additional 77,825 shares in the last quarter. Barclays PLC lifted its stake in shares of Duluth by 101.6% in the 3rd quarter. Barclays PLC now owns 92,318 shares of the company's stock valued at $347,000 after purchasing an additional 46,527 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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 buying an additional 16,743 shares in the last quarter. Finally, Fruth Investment Management acquired a new stake in Duluth during the fourth quarter valued at $42,000. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Duluth Price Performance

Shares of NASDAQ:DLTH traded down $0.07 during midday trading on Wednesday, reaching $1.85. 105,633 shares of the company's stock traded hands, compared to its average volume of 83,599. The company has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $3.30. Duluth Holdings Inc has a 1 year low of $1.84 and a 1 year high of $5.06. The company has a market cap of $58.85 million, a P/E ratio of -1.87 and a beta of 1.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30.

Remove Ads

Duluth (NASDAQ:DLTH - Get Free Report) 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). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. The company had revenue of $241.27 million for the quarter, compared to analysts' expectations of $252.86 million. Equities analysts predict that Duluth Holdings Inc will post -0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird decreased their price objective on shares of Duluth from $3.50 to $2.75 and set a "neutral" rating for the company in a research report on Friday, March 14th. StockNews.com initiated coverage on Duluth in a research note on Tuesday. They issued a "hold" rating for the company.

Duluth Company 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.