Richard Schlecht Purchases 10,502 Shares of Duluth (NASDAQ:DLTH) Stock

Duluth Holdings Inc. (NASDAQ:DLTH) SVP Richard Schlecht bought 10,502 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average price of $2.22 per share, for a total transaction of $23,314.44. Following the completion of the transaction, the senior vice president directly owned 352,233 shares in the company, valued at approximately $781,957.26. This trade represents a 3.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Duluth Price Performance

Shares of NASDAQ DLTH traded down $0.04 during trading on Monday, hitting $2.07. The company had a trading volume of 192,236 shares, compared to its average volume of 368,272. The firm has a market capitalization of $76.03 million, a price-to-earnings ratio of -2.38 and a beta of 1.69. The stock has a fifty day simple moving average of $2.86 and a two-hundred day simple moving average of $2.74. The company has a quick ratio of 0.21, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. Duluth Holdings Inc. has a fifty-two week low of $1.58 and a fifty-two week high of $4.66.

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

Institutional Investors Weigh In On Duluth

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL grew its holdings in shares of Duluth by 17.2% during the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after purchasing an additional 16,678 shares during the period. Empowered Funds LLC boosted its position in shares of Duluth by 9.3% during the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock worth $177,000 after purchasing an additional 8,597 shares during the period. Goldman Sachs Group Inc. increased its holdings in Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after purchasing an additional 29,521 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Duluth in the third quarter valued at approximately $140,000. Finally, Yarger Wealth Strategies LLC lifted its stake in Duluth by 124.5% during the second quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock worth $68,000 after purchasing an additional 17,978 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Duluth Company Profile

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.