Franklin Resources Inc. Has $30.57 Million Stake in Duluth Holdings (NASDAQ:DLTH)

Franklin Resources Inc. grew its stake in Duluth Holdings (NASDAQ:DLTH) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,712,746 shares of the company’s stock after purchasing an additional 219,671 shares during the period. Franklin Resources Inc. owned approximately 5.89% of Duluth worth $30,572,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DLTH. Northern Trust Corp lifted its stake in shares of Duluth by 18.4% in the 2nd quarter. Northern Trust Corp now owns 158,340 shares of the company’s stock valued at $2,883,000 after purchasing an additional 24,663 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Duluth by 10.2% in the 2nd quarter. Vanguard Group Inc. now owns 440,837 shares of the company’s stock valued at $8,028,000 after purchasing an additional 40,707 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Duluth by 616.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 127,430 shares of the company’s stock valued at $2,321,000 after purchasing an additional 109,649 shares during the last quarter. State Street Corp lifted its stake in shares of Duluth by 8.8% in the 2nd quarter. State Street Corp now owns 165,454 shares of the company’s stock valued at $3,013,000 after purchasing an additional 13,420 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Duluth by 10.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 494,003 shares of the company’s stock valued at $10,024,000 after purchasing an additional 45,643 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have recently issued reports on DLTH shares. TheStreet raised Duluth from a “d+” rating to a “c-” rating in a research note on Wednesday, April 4th. BidaskClub raised Duluth from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research lowered Duluth from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Robert W. Baird lowered their price objective on Duluth from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, March 21st. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Duluth in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Duluth currently has a consensus rating of “Buy” and an average target price of $21.86.

In other Duluth news, SVP Allen L. Dittrich sold 10,000 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $18.60, for a total transaction of $186,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William E. Ferry sold 20,200 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $16.72, for a total value of $337,744.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,600 shares of company stock worth $1,250,136 over the last 90 days. 70.38% of the stock is currently owned by company insiders.

Shares of DLTH stock traded up $0.05 on Thursday, reaching $19.52. 151,204 shares of the company’s stock were exchanged, compared to its average volume of 252,539. Duluth Holdings has a 52 week low of $15.13 and a 52 week high of $22.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.24 and a current ratio of 2.02. The firm has a market capitalization of $566.56, a P/E ratio of 29.07, a P/E/G ratio of 1.17 and a beta of -0.09.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, March 20th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Duluth had a return on equity of 17.37% and a net margin of 4.95%. The firm had revenue of $217.80 million during the quarter, compared to analyst estimates of $208.70 million. During the same period last year, the company earned $0.43 EPS. Duluth’s quarterly revenue was up 24.7% compared to the same quarter last year. sell-side analysts forecast that Duluth Holdings will post 0.83 EPS for the current year.

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About Duluth

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.

Institutional Ownership by Quarter for Duluth (NASDAQ:DLTH)

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