Insider Buying: Duluth (NASDAQ:DLTH) CFO Purchases 10,000 Shares of Stock

Key Points

• Duluth Holdings Inc. CFO Heena Agrawal purchased 10,000 shares at an average price of $3.50, increasing her ownership by 4.20% to a total of 248,093 shares valued at approximately $868,325.50.
• The company recently reported earnings of $0.03 per share, surpassing analysts' consensus expectations of a loss of $0.05 per share.
• Research analysts have upgraded Duluth's stock rating to "strong-buy" and increased the price target to $7.00, reflecting positive sentiment among institutional investors.

Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report) CFO Heena Agrawal bought 10,000 shares of the business's stock in a transaction on Friday, September 26th. The stock was bought at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the transaction, the chief financial officer directly owned 248,093 shares of the company's stock, valued at approximately $868,325.50. This represents a 4.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Duluth Price Performance

Duluth stock traded up $0.08 during mid-day trading on Monday, reaching $3.62. The company had a trading volume of 60,402 shares, compared to its average volume of 455,350. Duluth Holdings Inc. has a fifty-two week low of $1.58 and a fifty-two week high of $4.66. The company has a current ratio of 1.44, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32. The company has a market cap of $132.82 million, a P/E ratio of -2.53 and a beta of 1.20. The business has a fifty day simple moving average of $2.75 and a 200 day simple moving average of $2.22.

Duluth (NASDAQ:DLTH - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.08. Duluth had a negative net margin of 7.99% and a negative return on equity of 14.31%. The firm had revenue of $131.72 million for the quarter, compared to analyst estimates of $124.03 million. Duluth has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Duluth Holdings Inc. will post -0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

DLTH has been the topic of a number of recent research reports. Baird R W upgraded shares of Duluth from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. Robert W. Baird upgraded shares of Duluth from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $2.00 to $7.00 in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy" and a consensus target price of $7.00.

Hedge Funds Weigh In On Duluth

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Duluth in the second quarter valued at $50,000. Yarger Wealth Strategies LLC lifted its holdings in Duluth by 124.5% in the second quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company's stock valued at $68,000 after buying an additional 17,978 shares during the period. Taylor & Morgan Wealth Management LLC lifted its holdings in Duluth by 47.0% in the first quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company's stock valued at $69,000 after buying an additional 12,687 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Duluth by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company's stock valued at $152,000 after buying an additional 29,521 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Duluth by 9.3% in 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 and hedge funds own 24.39% of the company's stock.

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.

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