Duluth Holdings (DLTH) Director Sells $376,124.00 in Stock

Duluth Holdings (NASDAQ:DLTH) Director William E. Ferry sold 20,200 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $18.62, for a total value of $376,124.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of DLTH stock opened at $20.10 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.24 and a current ratio of 2.02. The firm has a market capitalization of $568.61, a price-to-earnings ratio of 29.49, a PEG ratio of 1.18 and a beta of -0.09. Duluth Holdings has a fifty-two week low of $15.13 and a fifty-two week high of $22.89.

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Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Tuesday, March 20th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $217.80 million for the quarter, compared to analyst estimates of $208.70 million. Duluth had a return on equity of 17.37% and a net margin of 4.95%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. sell-side analysts expect that Duluth Holdings will post 0.83 EPS for the current year.

A number of hedge funds have recently made changes to their positions in DLTH. State Street Corp lifted its holdings in Duluth by 8.8% in the 2nd quarter. State Street Corp now owns 165,454 shares of the company’s stock valued at $3,013,000 after purchasing an additional 13,420 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Duluth by 10.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 494,003 shares of the company’s stock worth $10,024,000 after acquiring an additional 45,643 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Duluth during the 3rd quarter worth $158,000. Disciplined Growth Investors Inc. MN purchased a new position in shares of Duluth during the 3rd quarter worth $6,275,000. Finally, Skylands Capital LLC raised its holdings in shares of Duluth by 149.8% during the 4th quarter. Skylands Capital LLC now owns 251,600 shares of the company’s stock worth $4,491,000 after acquiring an additional 150,896 shares during the period. Institutional investors own 43.00% of the company’s stock.

A number of brokerages have recently issued reports on DLTH. BidaskClub lowered Duluth from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Robert W. Baird reiterated a “buy” rating and set a $23.00 target price on shares of Duluth in a research report on Friday, December 8th. Zacks Investment Research lowered Duluth from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Raymond James Financial reiterated a “hold” rating on shares of Duluth in a research report on Thursday, December 7th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Duluth in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.86.

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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.

Insider Buying and Selling by Quarter for Duluth (NASDAQ:DLTH)

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