Russell Investments Group Ltd. acquired a new stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 96,915 shares of the company’s stock, valued at approximately $2,467,000.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Duluth Holdings by 4.3% in the third quarter. US Bancorp DE now owns 16,117 shares of the company’s stock valued at $428,000 after buying an additional 664 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Duluth Holdings during the third quarter valued at approximately $398,000. First Trust Advisors LP purchased a new stake in shares of Duluth Holdings during the third quarter valued at approximately $451,000. Campbell Newman Asset Management Inc. purchased a new stake in shares of Duluth Holdings during the third quarter valued at approximately $214,000. Finally, State of Wisconsin Investment Board increased its stake in shares of Duluth Holdings by 31.4% in the third quarter. State of Wisconsin Investment Board now owns 230,000 shares of the company’s stock valued at $6,097,000 after buying an additional 55,000 shares during the last quarter. Hedge funds and other institutional investors own 30.09% of the company’s stock.

Institutional Ownership by Quarter for Duluth Holdings (NASDAQ:DLTH)

Shares of Duluth Holdings Inc (NASDAQ:DLTH) opened at 19.30 on Tuesday. Duluth Holdings Inc has a one year low of $17.02 and a one year high of $38.19. The firm has a 50-day moving average of $21.12 and a 200-day moving average of $26.36. The company has a market capitalization of $624.84 million, a P/E ratio of 32.94 and a beta of 0.47.

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Several brokerages have recently commented on DLTH. William Blair downgraded shares of Duluth Holdings from an “outperform” rating to a “market perform” rating and set a $37.04 price objective on the stock. in a research report on Friday, December 9th. Stifel Nicolaus downgraded shares of Duluth Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the company from $35.00 to $33.00 in a research report on Friday, December 9th. Robert W. Baird downgraded shares of Duluth Holdings from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $36.00 to $39.00 in a research report on Wednesday, November 30th. Wunderlich set a $36.00 price target on shares of Duluth Holdings and gave the company a “buy” rating in a report on Monday, December 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $35.00 price target on shares of Duluth Holdings in a report on Saturday, December 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $30.01.

About Duluth Holdings

Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own direct and retail channels. The Company operates through two segments: direct and retail. The Company’s product assortment includes shirts, pants, underwear, outerwear, footwear, accessories and hard goods.

5 Day Chart for NASDAQ:DLTH

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