Yarger Wealth Strategies LLC Buys 17,978 Shares of Duluth Holdings Inc. $DLTH

Yarger Wealth Strategies LLC raised its stake in Duluth Holdings Inc. (NASDAQ:DLTH) by 124.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,419 shares of the company’s stock after purchasing an additional 17,978 shares during the quarter. Yarger Wealth Strategies LLC owned 0.09% of Duluth worth $68,000 at the end of the most recent quarter.

Separately, Empowered Funds LLC increased its stake in shares of Duluth by 9.3% during the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after buying an additional 8,597 shares during the period. Institutional investors own 24.39% of the company’s stock.

Duluth Price Performance

Shares of DLTH stock opened at $3.25 on Monday. The stock has a market cap of $119.25 million, a price-to-earnings ratio of -2.27 and a beta of 1.47. The business’s fifty day moving average is $3.04 and its 200 day moving average is $2.34. Duluth Holdings Inc. has a twelve month low of $1.58 and a twelve month high of $4.66. The company has a quick ratio of 0.29, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.08. The company had revenue of $131.72 million for the quarter, compared to analysts’ expectations of $124.03 million. Duluth had a negative return on equity of 14.31% and a negative net margin of 7.99%. Duluth has set its FY 2025 guidance at EPS. Research analysts expect that Duluth Holdings Inc. will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Heena Agrawal bought 10,000 shares of the company’s stock in a transaction on Friday, September 26th. The shares were acquired at an average cost of $3.50 per share, with a total value of $35,000.00. Following the completion of the acquisition, the chief financial officer owned 248,093 shares of the company’s stock, valued at $868,325.50. The trade was a 4.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DLTH shares. Robert W. Baird raised Duluth from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $2.00 to $7.00 in a research note on Friday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Duluth in a research note on Saturday, September 27th. Finally, Baird R W raised Duluth from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

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.