Allen L. Dittrich Sells 5,000 Shares of Duluth Holdings Inc (NASDAQ:DLTH) Stock

Duluth Holdings Inc (NASDAQ:DLTH) SVP Allen L. Dittrich sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $31.39, for a total value of $156,950.00. Following the transaction, the senior vice president now directly owns 187,186 shares of the company’s stock, valued at approximately $5,875,768.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of DLTH traded up $0.87 during midday trading on Friday, reaching $28.94. 127,354 shares of the stock were exchanged, compared to its average volume of 225,444. Duluth Holdings Inc has a 12-month low of $15.13 and a 12-month high of $35.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 0.33. The company has a market capitalization of $919.39 million, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.88 and a beta of 0.01.

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

DLTH has been the subject of a number of recent analyst reports. ValuEngine upgraded Duluth from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. BidaskClub upgraded Duluth from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 23rd. William Blair upgraded Duluth from a “market perform” rating to an “outperform” rating in a research report on Friday, June 29th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price target on shares of Duluth in a research report on Thursday, August 9th. Finally, DA Davidson raised their price objective on Duluth to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.00.

Several institutional investors and hedge funds have recently bought and sold shares of DLTH. Summit Creek Advisors LLC raised its stake in shares of Duluth by 10.3% in the 3rd quarter. Summit Creek Advisors LLC now owns 325,465 shares of the company’s stock valued at $10,239,000 after acquiring an additional 30,380 shares in the last quarter. Jane Street Group LLC acquired a new stake in Duluth in the 2nd quarter valued at approximately $205,000. PEAK6 Investments L.P. acquired a new stake in Duluth in the 2nd quarter valued at approximately $1,015,000. Sterling Capital Management LLC acquired a new stake in Duluth in the 2nd quarter valued at approximately $504,000. Finally, Federated Investors Inc. PA grew its holdings in 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 last quarter. 43.32% 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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