Duluth Holdings Inc. (NASDAQ:DLTH) CFO Purchases $24,700.00 in Stock

Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report) CFO Heena Agrawal acquired 13,000 shares of the stock in a transaction on Monday, June 16th. The shares were acquired at an average cost of $1.90 per share, for a total transaction of $24,700.00. Following the completion of the transaction, the chief financial officer now directly owns 238,093 shares in the company, valued at $452,376.70. The trade was a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Heena Agrawal also recently made the following trade(s):

• On Friday, April 11th, Heena Agrawal bought 9,000 shares of Duluth stock. The stock was acquired at an average cost of $1.84 per share, with a total value of $16,560.00.

Duluth Stock Performance

Shares of DLTH traded up $0.04 during mid-day trading on Friday, hitting $2.02. 30,297 shares of the company's stock were exchanged, compared to its average volume of 82,715. Duluth Holdings Inc. has a fifty-two week low of $1.58 and a fifty-two week high of $4.50. The firm has a market capitalization of $75.91 million, a P/E ratio of -1.28 and a beta of 1.30. The business's 50 day moving average is $1.88 and its two-hundred day moving average is $2.44. The company has a current ratio of 1.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.33.

Duluth (NASDAQ:DLTH - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). Duluth had a negative return on equity of 14.31% and a negative net margin of 8.68%. The business had revenue of $102.70 million for the quarter, compared to analyst estimates of $105.54 million. On average, equities analysts expect that Duluth Holdings Inc. will post -0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DLTH. Robert W. Baird decreased their target price on shares of Duluth from $3.50 to $2.75 and set a "neutral" rating for the company in a research note on Friday, March 14th. Wall Street Zen began coverage on shares of Duluth in a research note on Tuesday, May 20th. They set a "hold" rating for the company.

Institutional Investors Weigh In On Duluth

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position 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 period. Madison Investment Advisors LLC acquired a new stake in Duluth in the fourth quarter valued at about $2,357,000. Tieton Capital Management LLC lifted its position in Duluth by 22.2% in the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company's stock valued at $2,242,000 after purchasing an additional 131,895 shares during the period. Bridgeway Capital Management LLC lifted its position in Duluth by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company's stock valued at $863,000 after purchasing an additional 4,459 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Duluth by 13.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company's stock valued at $806,000 after purchasing an additional 31,837 shares during the period. Institutional investors and hedge funds own 24.39% of the company's 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.