Insider Buying: Duluth (NASDAQ:DLTH) SVP Acquires 18,052 Shares of Stock

Duluth Holdings Inc. (NASDAQ:DLTH) SVP Richard Schlecht purchased 18,052 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was purchased at an average price of $2.17 per share, with a total value of $39,172.84. Following the completion of the transaction, the senior vice president owned 341,731 shares of the company’s stock, valued at approximately $741,556.27. This trade represents a 5.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Duluth Price Performance

Shares of Duluth stock traded down $0.04 during trading hours on Monday, hitting $2.07. The company’s stock had a trading volume of 192,236 shares, compared to its average volume of 368,272. The company has a market cap of $76.03 million, a PE ratio of -2.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.21 and a current ratio of 1.29. The business has a 50 day moving average price of $2.86 and a two-hundred day moving average price of $2.74. Duluth Holdings Inc. has a 12-month low of $1.58 and a 12-month high of $4.66.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Tuesday, December 16th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.33. Duluth had a negative return on equity of 11.51% and a negative net margin of 5.03%.The company had revenue of $114.87 million for the quarter, compared to analysts’ expectations of $118.50 million. During the same period in the previous year, the firm earned ($0.41) EPS. Analysts expect that Duluth Holdings Inc. will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duluth

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLTH. International Assets Investment Management LLC purchased a new stake in shares of Duluth during the second quarter valued at about $50,000. Yarger Wealth Strategies LLC lifted its holdings in shares of Duluth by 124.5% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock valued at $68,000 after purchasing an additional 17,978 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Duluth during the 3rd quarter valued at $85,000. GSA Capital Partners LLP purchased a new position in Duluth during the 3rd quarter worth $140,000. Finally, Goldman Sachs Group Inc. grew its stake in Duluth by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after buying an additional 29,521 shares during the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DLTH shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Duluth in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Duluth to a “hold” rating in a research note on Friday, November 28th. Singular Research upgraded shares of Duluth to a “strong-buy” rating in a report on Monday, October 13th. Baird R W upgraded Duluth from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, Robert W. Baird set a $5.00 price objective on Duluth in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $5.00.

About Duluth

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.