Heena Agrawal Buys 9,000 Shares of Duluth Holdings Inc (NASDAQ:DLTH) Stock

Duluth Holdings Inc (NASDAQ:DLTH) CFO Heena Agrawal acquired 9,000 shares of Duluth stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average price of $1.84 per share, with a total value of $16,560.00. Following the transaction, the chief financial officer now owns 225,093 shares of the company’s stock, valued at $414,171.12. This trade represents a 4.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Duluth Stock Performance

Shares of DLTH opened at $1.70 on Thursday. The company has a market capitalization of $54.02 million, a PE ratio of -1.72 and a beta of 1.21. Duluth Holdings Inc has a 52-week low of $1.58 and a 52-week high of $4.54. The company has a 50-day simple moving average of $2.33 and a 200-day simple moving average of $3.05. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). The company had revenue of $241.27 million for the quarter, compared to analyst estimates of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. Equities research analysts predict that Duluth Holdings Inc will post -0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com initiated coverage on Duluth in a research note on Thursday, April 10th. They set a “hold” rating for the company. Robert W. Baird cut their price objective on Duluth from $3.50 to $2.75 and set a “neutral” rating for the company in a research report on Friday, March 14th.

Hedge Funds Weigh In On Duluth

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Duluth by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock valued at $2,607,000 after purchasing an additional 58,991 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Duluth in the 4th quarter worth about $2,357,000. Tieton Capital Management LLC boosted its position in shares of Duluth by 22.2% in the 4th quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock worth $2,242,000 after buying an additional 131,895 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Duluth by 1.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock valued at $863,000 after acquiring an additional 4,459 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Duluth by 13.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock valued at $806,000 after acquiring an additional 31,837 shares in the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

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.