Duluth Holdings Inc (NASDAQ:DLTH) COO Allen L. Dittrich sold 5,000 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $31.58, for a total transaction of $157,900.00. Following the transaction, the chief operating officer now directly owns 177,186 shares in the company, valued at $5,595,533.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ DLTH opened at $31.04 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 0.33. Duluth Holdings Inc has a twelve month low of $15.13 and a twelve month high of $35.67. The stock has a market capitalization of $907.12 million, a P/E ratio of 46.33, a P/E/G ratio of 1.85 and a beta of 0.17.
Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Wednesday, September 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. Duluth had a net margin of 4.76% and a return on equity of 16.57%. The firm had revenue of $110.65 million during the quarter, compared to analyst estimates of $106.56 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duluth Holdings Inc will post 0.84 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new position in Duluth in the third quarter worth about $229,000. Oppenheimer & Co. Inc. acquired a new position in Duluth in the third quarter worth about $263,000. Jane Street Group LLC acquired a new position in Duluth in the second quarter worth about $205,000. BlueMountain Capital Management LLC acquired a new position in Duluth in the third quarter worth about $372,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Duluth by 39.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock worth $309,000 after purchasing an additional 3,692 shares in the last quarter. 39.85% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on DLTH shares. Robert W. Baird reissued a “buy” rating and set a $30.00 target price on shares of Duluth in a research report on Thursday, August 9th. ValuEngine upgraded shares of Duluth from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. BidaskClub upgraded shares of Duluth from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. DA Davidson increased their target price on shares of Duluth to $38.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, Stifel Nicolaus increased their target price on shares of Duluth from $26.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, September 6th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $29.00.
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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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