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

Duluth Holdings Inc (NASDAQ:DLTH - Get Free Report) CFO Heena Agrawal acquired 9,000 shares of Duluth stock in a transaction dated Friday, April 11th. The shares were bought at an average cost 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 in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink.

Duluth Stock Up 10.0 %

DLTH traded up $0.17 during trading on Friday, hitting $1.87. 31,938 shares of the company's stock were exchanged, compared to its average volume of 86,237. The stock has a market cap of $61.01 million, a P/E ratio of -1.89 and a beta of 1.21. The business's 50 day moving average is $2.29 and its two-hundred day moving average is $3.03. Duluth Holdings Inc has a fifty-two week low of $1.58 and a fifty-two week high of $4.54. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.32). The business had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. As a group, equities analysts expect that Duluth Holdings Inc will post -0.56 earnings per share for the current fiscal year.

Institutional Trading of Duluth

Institutional investors have recently made changes to their positions in the company. Fruth Investment Management bought a new stake in Duluth in the 4th quarter worth about $42,000. Taylor & Morgan Wealth Management LLC increased its position in shares of Duluth by 22.7% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company's stock valued at $83,000 after acquiring an additional 5,000 shares during the last quarter. Guardian Wealth Management Inc. bought a new stake in Duluth during the fourth quarter worth $96,000. JPMorgan Chase & Co. boosted its position in Duluth by 106.5% in the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company's stock worth $122,000 after purchasing an additional 16,743 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Duluth by 14.2% in the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company's stock valued at $193,000 after purchasing an additional 7,769 shares during the period. Institutional investors own 24.39% of the company's stock.

Analyst Ratings Changes

DLTH has been the topic of several research reports. Robert W. Baird dropped their price objective on shares of Duluth from $3.50 to $2.75 and set a "neutral" rating on the stock in a report on Friday, March 14th. StockNews.com assumed coverage on Duluth in a research note on Friday. They issued a "hold" rating for the company.

Duluth Company Profile

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.