Duluth Holdings Inc (NASDAQ:DLTH) Director Buys $90,500.00 in Stock

Duluth Holdings Inc (NASDAQ:DLTH) Director Brett Lee Paschke bought 50,000 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were acquired at an average price of $1.81 per share, with a total value of $90,500.00. Following the transaction, the director now directly owns 93,801 shares in the company, valued at approximately $169,779.81. The trade was a 114.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Duluth Stock Down 1.8 %

Shares of NASDAQ:DLTH traded down $0.03 during midday trading on Monday, hitting $1.68. The stock had a trading volume of 84,151 shares, compared to its average volume of 86,247. The company has a market cap of $53.38 million, a P/E ratio of -1.70 and a beta of 1.21. The business’s 50-day simple moving average is $2.55 and its 200-day simple moving average is $3.18. Duluth Holdings Inc has a 12 month low of $1.58 and a 12 month high of $5.00. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30.

Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). The company had revenue of $241.27 million for the quarter, compared to analyst estimates of $252.86 million. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. On average, sell-side analysts forecast that Duluth Holdings Inc will post -0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com initiated coverage on Duluth in a research note on Wednesday, April 2nd. They set a “hold” rating on the stock. Robert W. Baird decreased their target price on shares of Duluth from $3.50 to $2.75 and set a “neutral” rating for the company in a research report on Friday, March 14th.

Institutional Trading of Duluth

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its stake in Duluth by 101.6% during the 3rd quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after acquiring an additional 46,527 shares during the period. JPMorgan Chase & Co. boosted its stake in Duluth by 106.5% in the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock valued at $122,000 after buying an additional 16,743 shares in the last quarter. Taylor & Morgan Wealth Management LLC grew its position in Duluth by 22.7% in the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $83,000 after acquiring an additional 5,000 shares during the last quarter. Fruth Investment Management acquired a new position in Duluth during the 4th quarter worth approximately $42,000. Finally, Empowered Funds LLC increased its holdings in shares of Duluth by 5.0% during the fourth quarter. Empowered Funds LLC now owns 92,850 shares of the company’s stock worth $287,000 after buying an additional 4,459 shares in the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

About Duluth

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.