Duluth Holdings Inc (DLTH) COO Sells $153,600.00 in Stock

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Duluth Holdings Inc (NASDAQ:DLTH) COO Allen L. Dittrich sold 5,000 shares of Duluth stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $30.72, for a total value of $153,600.00. Following the completion of the transaction, the chief operating officer now owns 182,186 shares of the company’s stock, valued at approximately $5,596,753.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ DLTH traded up $0.36 during midday trading on Thursday, hitting $31.09. The stock had a trading volume of 203,000 shares, compared to its average volume of 222,002. The stock has a market capitalization of $907.70 million, a P/E ratio of 46.40, a price-to-earnings-growth ratio of 1.85 and a beta of 0.01. Duluth Holdings Inc has a fifty-two week low of $15.13 and a fifty-two week high of $35.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73.

Duluth (NASDAQ:DLTH) last released its earnings results on Wednesday, September 5th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The company had revenue of $110.65 million during the quarter, compared to analysts’ expectations of $106.56 million. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Equities research analysts forecast that Duluth Holdings Inc will post 0.84 earnings per share for the current fiscal year.

Several brokerages have issued reports on DLTH. BidaskClub upgraded Duluth from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded Duluth from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, September 6th. DA Davidson lifted their price objective on Duluth to $38.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price objective on shares of Duluth in a research report on Thursday, August 9th. Finally, ValuEngine downgraded Duluth from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Duluth has an average rating of “Buy” and an average price target of $29.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLTH. FMR LLC increased its stake in shares of Duluth by 27.5% in the 2nd quarter. FMR LLC now owns 1,698,414 shares of the company’s stock valued at $40,405,000 after buying an additional 366,111 shares during the period. Cortina Asset Management LLC acquired a new stake in shares of Duluth in the 2nd quarter valued at $5,911,000. Canada Pension Plan Investment Board acquired a new stake in shares of Duluth in the 2nd quarter valued at $1,784,000. The Manufacturers Life Insurance Company increased its stake in shares of Duluth by 71.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 158,930 shares of the company’s stock valued at $2,976,000 after buying an additional 66,456 shares during the period. Finally, Federated Investors Inc. PA increased its stake in shares of Duluth by 56.0% in the 2nd quarter. Federated Investors Inc. PA now owns 156,000 shares of the company’s stock valued at $3,711,000 after buying an additional 56,000 shares during the period. 42.93% of the stock is owned by institutional investors.

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.

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