Duluth Holdings Inc (NASDAQ:DLTH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 63.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,572 shares of the company’s stock after selling 12,879 shares during the quarter. Rhumbline Advisers’ holdings in Duluth were worth $28,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heartland Advisors Inc. purchased a new stake in Duluth in the 1st quarter valued at $1,470,000. Vanguard Group Inc. raised its holdings in shares of Duluth by 1.8% in the first quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after buying an additional 15,018 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Duluth during the first quarter worth about $73,000. Empowered Funds LLC grew its holdings in shares of Duluth by 8.0% during the first quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock worth $382,000 after buying an additional 5,775 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Duluth by 896.4% in the 1st quarter. BNP Paribas Financial Markets now owns 39,985 shares of the company’s stock valued at $196,000 after acquiring an additional 35,972 shares during the period. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Duluth Trading Down 1.6 %

NASDAQ DLTH opened at $3.70 on Wednesday. Duluth Holdings Inc has a 52-week low of $3.09 and a 52-week high of $6.02. The firm has a 50-day moving average price of $3.64 and a 200 day moving average price of $4.01. The stock has a market capitalization of $117.29 million, a P/E ratio of -9.02 and a beta of 1.34. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.10. Duluth had a negative return on equity of 5.52% and a negative net margin of 2.35%. The business had revenue of $141.62 million during the quarter, compared to analysts’ expectations of $132.30 million. During the same period last year, the firm earned ($0.06) EPS. Equities research analysts expect that Duluth Holdings Inc will post -0.16 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Duluth from a “hold” rating to a “buy” rating in a research report on Monday.

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.