Duluth Holdings Inc. (DLTH) Director William E. Ferry Sells 2,000 Shares
Duluth Holdings Inc. (NASDAQ:DLTH) Director William E. Ferry sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $19.39, for a total value of $38,780.00. Following the transaction, the director now directly owns 2,032 shares in the company, valued at $39,400.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Duluth Holdings Inc. (NASDAQ DLTH) traded down 0.61% during midday trading on Friday, reaching $19.65. The company’s stock had a trading volume of 89,468 shares. The stock has a 50 day moving average of $19.48 and a 200 day moving average of $19.62. Duluth Holdings Inc. has a 52 week low of $16.01 and a 52 week high of $38.19. The firm has a market capitalization of $637.80 million, a PE ratio of 33.31 and a beta of 0.19.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $86.20 million during the quarter, compared to the consensus estimate of $82.51 million. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The firm’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. On average, equities research analysts predict that Duluth Holdings Inc. will post $0.70 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Duluth Holdings by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 32,942 shares of the company’s stock worth $600,000 after acquiring an additional 171 shares in the last quarter. American International Group Inc. boosted its stake 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 purchasing an additional 388 shares during the period. Rhumbline Advisers boosted its stake 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 purchasing an additional 885 shares during the period. Teachers Advisors LLC boosted its stake in Duluth Holdings by 5.9% during the 4th quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after purchasing an additional 980 shares during the period. Finally, Gradient Investments LLC boosted its stake in Duluth Holdings by 7.7% during the 2nd quarter. Gradient Investments LLC now owns 16,330 shares of the company’s stock valued at $297,000 after purchasing an additional 1,170 shares during the period. Institutional investors own 33.54% of the company’s stock.
Several equities analysts recently commented on the company. Raymond James Financial, Inc. lowered Duluth Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 23rd. Robert W. Baird reissued a “buy” rating on shares of Duluth Holdings in a research report on Friday, September 8th. BMO Capital Markets set a $30.00 price target on Duluth Holdings and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BidaskClub raised Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Stifel Nicolaus reduced their price target on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.38.
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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