Tieton Capital Management LLC Grows Stock Position in Duluth Holdings Inc (NASDAQ:DLTH)

Tieton Capital Management LLC raised its stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 22.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 725,635 shares of the company’s stock after buying an additional 131,895 shares during the period. Tieton Capital Management LLC’s holdings in Duluth were worth $2,242,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DLTH. Empowered Funds LLC raised its stake in shares of Duluth by 5.3% during the 3rd 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Duluth by 142.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after buying an additional 134,520 shares during the last quarter. Barclays PLC raised its stake in shares of Duluth by 101.6% during the 3rd 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 last quarter. JPMorgan Chase & Co. raised its stake in shares of Duluth by 106.5% during the 3rd 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 during the last quarter. Finally, 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 valued at $83,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Trading Down 0.9 %

DLTH stock opened at $2.09 on Monday. 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 Holdings Inc has a 12-month low of $2.05 and a 12-month high of $5.06. The stock has a market cap of $66.49 million, a price-to-earnings ratio of -2.11 and a beta of 1.30. The business’s 50-day moving average is $2.79 and its 200 day moving average is $3.32.

Duluth (NASDAQ:DLTH) 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 return on equity of 7.28% and a negative net margin of 5.26%. The firm had revenue of $241.27 million during the quarter, compared to analyst estimates of $252.86 million. On average, sell-side analysts anticipate that Duluth Holdings Inc will post -0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DLTH. Robert W. Baird dropped their target price 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 began coverage on Duluth in a research report on Monday, March 17th. They set a “hold” rating on the stock.

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.