Duluth Holdings Inc. (DLTH) SVP Allen L. Dittrich Sells 15,000 Shares
Duluth Holdings Inc. (NASDAQ:DLTH) SVP Allen L. Dittrich sold 15,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total transaction of $294,750.00. Following the sale, the senior vice president now directly owns 226,221 shares in the company, valued at $4,445,242.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Duluth Holdings (NASDAQ:DLTH) last issued its earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The company had revenue of $86.20 million for the quarter, compared to analyst estimates of $82.51 million. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 31.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. grew its position in Duluth Holdings by 7.0% during the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock worth $126,000 after buying an additional 388 shares during the period. Paloma Partners Management Co acquired a new position in Duluth Holdings during the first quarter worth about $212,000. Rhumbline Advisers grew its position in Duluth Holdings by 9.2% during the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $192,000 after buying an additional 885 shares during the period. UBS Asset Management Americas Inc. acquired a new position in Duluth Holdings during the second quarter worth about $242,000. Finally, Wells Fargo & Company MN grew its position in Duluth Holdings by 33.5% during the first quarter. Wells Fargo & Company MN now owns 13,738 shares of the company’s stock worth $292,000 after buying an additional 3,450 shares during the period. Institutional investors own 33.50% of the company’s stock.
DLTH has been the topic of a number of research reports. Zacks Investment Research lowered shares of Duluth Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. BMO Capital Markets set a $30.00 price target on shares of Duluth Holdings and gave the company a “buy” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Robert W. Baird reaffirmed a “buy” rating on shares of Duluth Holdings in a research note on Friday, September 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Duluth Holdings in a research note on Wednesday, September 6th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price 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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