Tieton Capital Management LLC Acquires 131,895 Shares of Duluth Holdings Inc (NASDAQ:DLTH)

Tieton Capital Management LLC grew its position in shares of Duluth Holdings Inc (NASDAQ:DLTH - Free Report) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 725,635 shares of the company's stock after buying an additional 131,895 shares during the period. Tieton Capital Management LLC owned approximately 2.28% of Duluth worth $2,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DLTH. Fruth Investment Management bought a new position in Duluth during the fourth quarter worth about $42,000. Taylor & Morgan Wealth Management LLC grew its position in shares of Duluth by 22.7% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company's stock worth $83,000 after purchasing an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Duluth by 106.5% in the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company's stock valued at $122,000 after buying an additional 16,743 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Duluth by 5.3% in the third quarter. Empowered Funds LLC now owns 88,391 shares of the company's stock valued at $332,000 after buying an additional 4,422 shares during the period. Finally, Barclays PLC boosted its stake in shares of Duluth by 101.6% in the third quarter. Barclays PLC now owns 92,318 shares of the company's stock valued at $347,000 after buying an additional 46,527 shares during the period. Institutional investors and hedge funds own 24.39% of the company's stock.

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Analyst Ratings Changes

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

Duluth Price Performance

NASDAQ DLTH traded down $0.04 on Friday, hitting $1.71. 174,038 shares of the company's stock were exchanged, compared to its average volume of 85,173. The stock has a 50-day moving average of $2.68 and a 200-day moving average of $3.26. The stock has a market cap of $54.24 million, a price-to-earnings ratio of -1.72 and a beta of 1.30. Duluth Holdings Inc has a 52 week low of $1.61 and a 52 week high of $5.00. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30.

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

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.