William E. Ferry Sells 28,400 Shares of Duluth Holdings Inc (DLTH) Stock

Duluth Holdings Inc (NASDAQ:DLTH) Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $38,364.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Duluth Holdings Inc (DLTH) opened at $18.89 on Friday. Duluth Holdings Inc has a 1-year low of $16.01 and a 1-year high of $37.49. The company has a market cap of $549.60, a PE ratio of 32.57, a price-to-earnings-growth ratio of 1.36 and a beta of 0.05. The company has a current ratio of 2.54, a quick ratio of 0.30 and a debt-to-equity ratio of 0.17.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $82.51 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue was up 31.0% on a year-over-year basis. equities research analysts forecast that Duluth Holdings Inc will post 0.7 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. boosted its holdings in shares of 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 purchasing an additional 388 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Duluth during the 3rd quarter valued at about $158,000. Rhumbline Advisers boosted its holdings in shares of Duluth by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after purchasing an additional 885 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Duluth during the 2nd quarter valued at about $242,000. Finally, Dupont Capital Management Corp bought a new position in shares of Duluth during the 2nd quarter valued at about $280,000. 37.49% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Duluth in a report on Wednesday, November 1st. BidaskClub raised shares of Duluth from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded shares of Duluth from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BMO Capital Markets set a $30.00 target price on shares of Duluth and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, DA Davidson set a $25.00 target price on shares of Duluth and gave the stock a “buy” rating in a report on Monday, November 27th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.51.

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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.

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