Duluth Holdings Inc (NASDAQ:DLTH) COO Allen L. Dittrich sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $30.72, for a total transaction of $153,600.00. Following the sale, the chief operating officer now directly owns 182,186 shares of the company’s stock, valued at approximately $5,596,753.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
DLTH stock opened at $32.14 on Friday. The company has a market cap of $898.06 million, a P/E ratio of 43.90, a P/E/G ratio of 1.83 and a beta of 0.17. Duluth Holdings Inc has a 1 year low of $15.13 and a 1 year high of $35.67. The company has a quick ratio of 0.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.53.
Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $110.65 million during the quarter, compared to analysts’ expectations of $106.56 million. Duluth had a net margin of 4.76% and a return on equity of 16.57%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. As a group, research analysts expect that Duluth Holdings Inc will post 0.84 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA increased its position in Duluth by 56.0% during the 2nd quarter. Federated Investors Inc. PA now owns 156,000 shares of the company’s stock worth $3,711,000 after purchasing an additional 56,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Duluth by 71.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 158,930 shares of the company’s stock worth $2,976,000 after purchasing an additional 66,456 shares in the last quarter. PEAK6 Investments L.P. acquired a new position in Duluth during the 2nd quarter worth approximately $1,015,000. Sterling Capital Management LLC acquired a new position in Duluth during the 2nd quarter worth approximately $504,000. Finally, FMR LLC increased its position in Duluth by 27.5% in the 2nd quarter. FMR LLC now owns 1,698,414 shares of the company’s stock valued at $40,405,000 after acquiring an additional 366,111 shares during the period. Institutional investors and hedge funds own 42.93% of the company’s stock.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Duluth from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Duluth from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Thursday, September 6th. DA Davidson upped their price target on shares of Duluth to $38.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 price target on shares of Duluth in a report on Thursday, August 9th. Finally, ValuEngine downgraded shares of Duluth from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $29.00.
Duluth Company Profile
Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.
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