Insider Selling: Duluth Holdings Inc. (DLTH) Director Sells $558,628.00 in Stock
Duluth Holdings Inc. (NASDAQ:DLTH) Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $19.67, for a total value of $558,628.00. Following the completion of the transaction, the director now owns 2,032 shares of the company’s stock, valued at approximately $39,969.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Duluth Holdings Inc. (NASDAQ DLTH) opened at $18.00 on Friday. The company has a market capitalization of $523.71, a PE ratio of 31.03, a P/E/G ratio of 1.29 and a beta of 0.19. Duluth Holdings Inc. has a 52-week low of $16.01 and a 52-week high of $38.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.30 and a current ratio of 2.54.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $82.51 million. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. analysts expect that Duluth Holdings Inc. will post 0.7 earnings per share for the current year.
DLTH has been the subject of a number of research analyst reports. DA Davidson initiated coverage on Duluth Holdings in a research report on Friday, July 21st. They issued a “buy” rating and a $25.00 price target for the company. Raymond James Financial, Inc. cut Duluth Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded Duluth Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday, September 7th. FBR & Co restated an “outperform” rating and issued a $26.00 price target on shares of Duluth Holdings in a research report on Tuesday, July 11th. Finally, Wunderlich restated a “buy” rating and issued a $26.00 price target on shares of Duluth Holdings in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $26.38.
A number of institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its position in Duluth Holdings by 24.9% during the 2nd quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock worth $14,497,000 after purchasing an additional 158,489 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Duluth Holdings by 13.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 574,407 shares of the company’s stock worth $10,460,000 after purchasing an additional 68,400 shares in the last quarter. Summit Creek Advisors LLC increased its position in Duluth Holdings by 1.9% during the 3rd quarter. Summit Creek Advisors LLC now owns 542,557 shares of the company’s stock worth $11,008,000 after purchasing an additional 9,905 shares in the last quarter. Cooper Creek Partners Management LLC increased its position in Duluth Holdings by 351.0% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after purchasing an additional 418,965 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Duluth Holdings by 183.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock worth $8,164,000 after purchasing an additional 290,392 shares in the last quarter. Hedge funds and other institutional investors own 33.50% of the company’s stock.
About Duluth Holdings
Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.
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