Tieton Capital Management LLC Buys Shares of 726,508 Duluth Holdings Inc. $DLTH

Tieton Capital Management LLC bought a new stake in Duluth Holdings Inc. (NASDAQ:DLTH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 726,508 shares of the company’s stock, valued at approximately $3,255,000. Tieton Capital Management LLC owned 1.91% of Duluth at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Sei Investments Co. increased its stake in Duluth by 114.8% in the 1st quarter. Sei Investments Co. now owns 363,551 shares of the company’s stock valued at $1,149,000 after buying an additional 194,302 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Duluth during the 3rd quarter valued at $85,000. Barclays PLC boosted its position in Duluth by 32.2% during the fourth 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 last quarter. Blair William & Co. IL grew its stake in Duluth by 17.2% in the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after purchasing an additional 16,678 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Duluth by 9.3% in the 1st 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 last quarter. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Duluth Trading Up 0.3%

Duluth stock opened at $3.81 on Thursday. Duluth Holdings Inc. has a one year low of $2.02 and a one year high of $5.09. The company’s fifty day moving average price is $4.23 and its two-hundred day moving average price is $3.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 0.30. The company has a market capitalization of $144.78 million, a price-to-earnings ratio of -11.91 and a beta of 1.40.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Monday, June 8th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.19. The company had revenue of $98.59 million during the quarter, compared to analysts’ expectations of $93.69 million. Duluth had a negative return on equity of 3.69% and a negative net margin of 2.00%. On average, analysts forecast that Duluth Holdings Inc. will post -0.26 earnings per share for the current fiscal year.

Duluth Company 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.