Duluth Holdings Inc (NASDAQ:DLTH) SVP Sells $47,000.00 in Stock

Duluth Holdings Inc (NASDAQ:DLTH - Get Free Report) SVP Neala Shepherd sold 10,000 shares of the firm's stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $4.70, for a total transaction of $47,000.00. Following the completion of the transaction, the senior vice president now directly owns 122,587 shares in the company, valued at $576,158.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Duluth Price Performance

Shares of NASDAQ:DLTH traded down $0.10 during midday trading on Friday, hitting $4.44. The company's stock had a trading volume of 40,821 shares, compared to its average volume of 65,582. The business's 50 day simple moving average is $4.77 and its 200 day simple moving average is $5.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.77. The company has a market cap of $137.86 million, a P/E ratio of -15.31 and a beta of 1.25. Duluth Holdings Inc has a 12-month low of $4.20 and a 12-month high of $7.88.

Duluth (NASDAQ:DLTH - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The business had revenue of $245.61 million during the quarter, compared to analysts' expectations of $241.80 million. Duluth had a negative return on equity of 4.24% and a negative net margin of 1.45%. During the same period in the prior year, the business posted $0.23 earnings per share. On average, analysts forecast that Duluth Holdings Inc will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Duluth

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Duluth by 8.7% during the third quarter. Royal Bank of Canada now owns 15,215 shares of the company's stock worth $107,000 after purchasing an additional 1,222 shares during the period. State Street Corp raised its stake in Duluth by 0.7% during the second quarter. State Street Corp now owns 253,414 shares of the company's stock worth $2,418,000 after purchasing an additional 1,640 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Duluth by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 152,832 shares of the company's stock worth $1,870,000 after purchasing an additional 1,764 shares during the period. Ironwood Investment Management LLC raised its stake in Duluth by 5.7% during the first quarter. Ironwood Investment Management LLC now owns 42,320 shares of the company's stock worth $270,000 after purchasing an additional 2,292 shares during the period. Finally, AQR Capital Management LLC raised its stake in Duluth by 1.7% during the second quarter. AQR Capital Management LLC now owns 145,465 shares of the company's stock worth $1,388,000 after purchasing an additional 2,491 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

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.