Allen L. Dittrich Sells 15,000 Shares of Duluth Holdings Inc (DLTH) Stock

Duluth Holdings Inc (NASDAQ:DLTH) SVP Allen L. Dittrich sold 15,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $18.86, for a total transaction of $282,900.00. Following the completion of the transaction, the senior vice president now owns 211,221 shares in the company, valued at approximately $3,983,628.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Duluth Holdings Inc (NASDAQ:DLTH) traded down $0.10 on Friday, reaching $18.89. 274,659 shares of the company’s stock were exchanged, compared to its average volume of 266,950. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.30 and a current ratio of 2.54. Duluth Holdings Inc has a twelve month low of $16.01 and a twelve month high of $37.49. The stock has a market cap of $623.86 and a price-to-earnings ratio of 32.83.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Duluth had a net margin of 4.64% and a return on equity of 17.05%. The business had revenue of $86.20 million during the quarter, compared to analyst estimates of $82.51 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue was up 31.0% on a year-over-year basis. equities research analysts expect that Duluth Holdings Inc will post 0.7 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in DLTH. American International Group Inc. grew its holdings in Duluth 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 buying an additional 388 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Duluth by 8.1% in the first quarter. Vanguard Group Inc. now owns 400,130 shares of the company’s stock valued at $8,519,000 after purchasing an additional 29,935 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Duluth by 4.4% in the first quarter. Geode Capital Management LLC now owns 78,503 shares of the company’s stock valued at $1,671,000 after purchasing an additional 3,332 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Duluth by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 32,771 shares of the company’s stock valued at $698,000 after purchasing an additional 1,539 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Duluth by 183.8% in the second quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock valued at $8,164,000 after purchasing an additional 290,392 shares in the last quarter. 37.49% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Duluth from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. FBR & Co reissued a “buy” rating and issued a $26.00 target price on shares of Duluth in a report on Thursday, August 31st. Robert W. Baird reissued a “buy” rating on shares of Duluth in a report on Friday, September 8th. Raymond James Financial lowered shares of Duluth from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 23rd. Finally, BMO Capital Markets set a $30.00 target price on shares of Duluth and gave the stock a “buy” rating in a report on Sunday, September 10th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.51.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/01/allen-l-dittrich-sells-15000-shares-of-duluth-holdings-inc-dlth-stock.html.

Duluth Company Profile

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.

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

Receive News & Ratings for Duluth Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply