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

Duluth Holdings Inc. (NASDAQ:DLTH) CFO Heena Agrawal bought 10,000 shares of the stock in a transaction dated Friday, September 26th. The shares were purchased at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the purchase, the chief financial officer owned 248,093 shares in the company, valued at approximately $868,325.50. This represents a 4.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Duluth Price Performance

Shares of Duluth stock opened at $3.68 on Thursday. The firm has a market cap of $135.02 million, a PE ratio of -2.57 and a beta of 1.47. Duluth Holdings Inc. has a twelve month low of $1.58 and a twelve month high of $4.66. The company has a quick ratio of 0.29, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $2.84 and a 200 day moving average price of $2.25.

Duluth (NASDAQ:DLTH) last announced its earnings results on Thursday, September 4th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.08. Duluth had a negative return on equity of 14.31% and a negative net margin of 7.99%.The business had revenue of $131.72 million during the quarter, compared to the consensus estimate of $124.03 million. Duluth has set its FY 2025 guidance at EPS. Sell-side analysts predict that Duluth Holdings Inc. will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duluth

Several hedge funds and other institutional investors have recently modified their holdings of DLTH. International Assets Investment Management LLC purchased a new stake in Duluth during the 2nd quarter valued at about $50,000. Yarger Wealth Strategies LLC boosted its holdings in shares of Duluth by 124.5% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock worth $68,000 after purchasing an additional 17,978 shares during the last quarter. Taylor & Morgan Wealth Management LLC grew its position in shares of 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 purchasing an additional 12,687 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 purchasing an additional 29,521 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of 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 purchasing an additional 8,597 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DLTH shares. Baird R W upgraded shares of Duluth from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Robert W. Baird upgraded Duluth from a “neutral” rating to an “outperform” rating and lifted their price objective 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 stock has a consensus rating of “Strong Buy” and a consensus target price of $7.00.

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.