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

Duluth Holdings Inc. (NASDAQ:DLTH) SVP Richard Schlecht acquired 10,502 shares of Duluth stock in a transaction that occurred on Wednesday, December 24th. The stock was acquired at an average cost of $2.22 per share, with a total value of $23,314.44. Following the purchase, the senior vice president directly owned 352,233 shares of the company’s stock, valued at $781,957.26. This represents a 3.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Duluth Stock Up 1.9%

Shares of NASDAQ DLTH opened at $2.11 on Wednesday. The stock has a market capitalization of $77.49 million, a PE ratio of -2.43 and a beta of 1.69. The company has a current ratio of 1.29, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33. Duluth Holdings Inc. has a 12-month low of $1.58 and a 12-month high of $4.66. The stock’s fifty day simple moving average is $2.82 and its two-hundred day simple moving average is $2.75.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Tuesday, December 16th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.33. Duluth had a negative return on equity of 11.51% and a negative net margin of 5.03%.The firm had revenue of $114.87 million during the quarter, compared to analysts’ expectations of $118.50 million. During the same period in the prior year, the business posted ($0.41) EPS. As a group, analysts expect that Duluth Holdings Inc. will post -0.56 EPS for the current fiscal year.

Duluth News Roundup

Here are the key news stories impacting Duluth this week:

• Positive Sentiment: Senior VP Richard W. Schlecht made two open‑market purchases in late December (18,052 shares @ ~$2.17 on Dec. 23 and 10,502 shares @ ~$2.22 on Dec. 24), boosting his stake by several percent — a management buying signal that can support the stock. Insider Form 4
• Neutral Sentiment: Local retail and community items (e.g., Duluth Coffee Company relocating its Superior Street cafe; city policy changes) are being reported but are unlikely to materially affect DLTH’s corporate results in the near term. Local Retail Move
• Neutral Sentiment: Institutional ownership changes noted in recent reports show some hedge funds and managers adjusting positions — relevant for liquidity and potential block trades but not an immediate directional catalyst. Institutional Trading Summary
• Negative Sentiment: Schall Law Firm has issued a notice inviting DLTH investors to join a fraud investigation — such notices create headline risk, raise the prospect of shareholder litigation and can depress sentiment until resolved. Schall Law Firm Notice
• Negative Sentiment: Pomerantz LLP is also investigating claims on behalf of Duluth investors — multiple firms pursuing inquiries increases legal/regulatory uncertainty and amplifies downside risk while details are sparse. Pomerantz Investigation

Institutional Investors Weigh In On Duluth

A number of large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new position in Duluth in the 3rd quarter worth $85,000. International Assets Investment Management LLC acquired a new position in shares of Duluth in the second quarter valued at about $50,000. Yarger Wealth Strategies LLC increased its holdings in shares of Duluth by 124.5% in the second quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock valued at $68,000 after purchasing an additional 17,978 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Duluth in the third quarter worth about $140,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after purchasing an additional 29,521 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Duluth to a “hold” rating in a research note on Friday, November 28th. Singular Research raised Duluth to a “strong-buy” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Duluth in a report on Tuesday, October 14th. Robert W. Baird set a $5.00 target price on Duluth in a research note on Wednesday, December 17th. Finally, Baird R W raised Duluth from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Duluth presently has a consensus rating of “Buy” and a consensus target price of $5.00.

About Duluth

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.