Brett Lee Paschke Buys 50,000 Shares of Duluth Holdings Inc (NASDAQ:DLTH) Stock

Duluth Holdings Inc (NASDAQ:DLTH - Get Free Report) Director Brett Lee Paschke acquired 50,000 shares of Duluth stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of $1.81 per share, with a total value of $90,500.00. Following the completion of the acquisition, the director now owns 93,801 shares of the company's stock, valued at $169,779.81. This trade represents a 114.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Duluth Stock Performance

DLTH traded down $0.11 on Friday, hitting $1.81. The company's stock had a trading volume of 82,868 shares, compared to its average volume of 86,305. Duluth Holdings Inc has a 12 month low of $1.58 and a 12 month high of $4.61. The firm has a market cap of $57.51 million, a P/E ratio of -1.83 and a beta of 1.21. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The company's 50 day simple moving average is $2.39 and its 200-day simple moving average is $3.09.

Duluth (NASDAQ:DLTH - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.32). Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. The company had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. Analysts forecast that Duluth Holdings Inc will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Duluth

Hedge funds and other institutional investors have recently modified their holdings of the stock. Madison Investment Advisors LLC bought a new position in shares of Duluth in the fourth quarter worth $2,357,000. Tieton Capital Management LLC grew its position in Duluth by 22.2% during the fourth 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. Dimensional Fund Advisors LP increased its stake in Duluth by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company's stock worth $2,607,000 after acquiring an additional 58,991 shares during the last quarter. Barclays PLC raised its holdings in shares of Duluth by 101.6% in the 3rd quarter. Barclays PLC now owns 92,318 shares of the company's stock valued at $347,000 after acquiring an additional 46,527 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of 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 during the last quarter. 24.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLTH. Robert W. Baird dropped their price target on Duluth from $3.50 to $2.75 and set a "neutral" rating on the stock in a research report on Friday, March 14th. StockNews.com began coverage on shares of Duluth in a report on Thursday. They set a "hold" rating on the stock.

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.