Insider Selling: Duluth Holdings Inc. (DLTH) Director Sells $570,840.00 in Stock
Duluth Holdings Inc. (NASDAQ:DLTH) Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $20.10, for a total transaction of $570,840.00. Following the completion of the transaction, the director now owns 2,032 shares in the company, valued at $40,843.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) opened at 20.65 on Friday. The stock has a 50 day moving average of $19.82 and a 200-day moving average of $19.72. Duluth Holdings Inc. has a 12 month low of $16.01 and a 12 month high of $38.19. The company has a market cap of $670.26 million, a PE ratio of 35.00 and a beta of 0.20.
Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The company had revenue of $86.20 million during the quarter, compared to analyst estimates of $82.51 million. During the same quarter last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. Equities analysts forecast that Duluth Holdings Inc. will post $0.70 earnings per share for the current year.
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Several equities analysts have commented on DLTH shares. Wunderlich reiterated a “buy” rating and issued a $36.00 price objective on shares of Duluth Holdings in a report on Friday, June 9th. FBR & Co reiterated a “buy” rating and issued a $26.00 price objective on shares of Duluth Holdings in a report on Wednesday, September 6th. DA Davidson started coverage on shares of Duluth Holdings in a report on Friday, July 21st. They issued a “buy” rating and a $25.00 price objective on the stock. BMO Capital Markets set a $30.00 price objective on shares of Duluth Holdings and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Duluth Holdings currently has a consensus rating of “Buy” and a consensus target price of $26.38.
A number of hedge funds have recently bought and sold shares of DLTH. American International Group Inc. grew its holdings in Duluth Holdings by 7.0% during the 1st quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after buying an additional 388 shares in the last quarter. Invictus RG purchased a new position in Duluth Holdings during the 1st quarter valued at about $182,000. Rhumbline Advisers grew its holdings in Duluth Holdings by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after buying an additional 885 shares in the last quarter. Paloma Partners Management Co purchased a new position in Duluth Holdings during the 1st quarter valued at about $212,000. Finally, Trexquant Investment LP purchased a new position in Duluth Holdings during the 1st quarter valued at about $223,000. 33.54% of the stock is owned by institutional investors and hedge funds.
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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