Insider Selling: Duluth Holdings Inc (DLTH) Director Sells 28,400 Shares of Stock

Duluth Holdings Inc (NASDAQ:DLTH) Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $18.88, for a total transaction of $536,192.00. Following the completion of the sale, the director now directly owns 2,032 shares in the company, valued at $38,364.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Duluth Holdings Inc (DLTH) traded down $0.10 on Friday, hitting $18.89. 274,659 shares of the stock were exchanged, compared to its average volume of 266,950. The stock has a market capitalization of $623.86 and a price-to-earnings ratio of 32.83. Duluth Holdings Inc has a 12 month low of $16.01 and a 12 month high of $37.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.54 and a quick ratio of 0.30.

Duluth (NASDAQ:DLTH) last posted 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. The company had revenue of $86.20 million for the quarter, compared to analyst estimates of $82.51 million. Duluth had a net margin of 4.64% and a return on equity of 17.05%. The business’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. analysts forecast that Duluth Holdings Inc will post 0.7 earnings per share for the current year.

Several equities research analysts recently issued reports on DLTH shares. B. Riley reissued a “buy” rating on shares of Duluth in a research report on Wednesday, November 1st. BMO Capital Markets set a $30.00 price target on shares of Duluth and gave the company a “buy” rating in a report on Sunday, September 10th. Robert W. Baird restated a “buy” rating on shares of Duluth in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Duluth from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Thursday, September 7th. Finally, DA Davidson restated a “buy” rating and issued a $25.00 price target on shares of Duluth in a report on Wednesday, September 6th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.51.

Several large investors have recently modified their holdings of DLTH. American International Group Inc. increased its stake in shares of Duluth by 7.0% in 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 last quarter. JPMorgan Chase & Co. bought a new stake in shares of Duluth in the third quarter worth $158,000. Rhumbline Advisers increased its stake in shares of Duluth by 9.2% in 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 last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Duluth in the second quarter worth $242,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Duluth in the second quarter worth $280,000. Institutional investors and hedge funds own 37.49% of the company’s stock.

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About Duluth

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)

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