William E. Ferry Sells 28,400 Shares of Duluth Holdings Inc. (DLTH) Stock
Duluth Holdings Inc. (NASDAQ:DLTH) Director William E. Ferry sold 28,400 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $20.10, for a total transaction of $570,840.00. Following the sale, the director now owns 2,032 shares of the company’s stock, valued at approximately $40,843.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Duluth Holdings Inc. (DLTH) opened at 20.325 on Thursday. Duluth Holdings Inc. has a 52-week low of $16.01 and a 52-week high of $38.19. The firm has a market cap of $659.71 million, a PE ratio of 34.449 and a beta of 0.20. The firm has a 50-day moving average of $19.78 and a 200 day moving average of $19.72.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The business had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $82.51 million. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. Duluth Holdings’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. On average, equities analysts predict that Duluth Holdings Inc. will post $0.70 earnings per share for the current year.
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A number of equities research analysts recently issued reports on DLTH shares. Stifel Nicolaus dropped their target price on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, June 7th. Wunderlich reiterated a “buy” rating and set a $36.00 target price on shares of Duluth Holdings in a research report on Friday, June 9th. Robert W. Baird dropped their target price on shares of Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, June 9th. FBR & Co reiterated an “outperform” rating and set a $26.00 target price on shares of Duluth Holdings in a research report on Tuesday, July 11th. Finally, DA Davidson started coverage on shares of Duluth Holdings in a research report on Friday, July 21st. They set a “buy” rating and a $25.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $26.38.
A number of hedge funds and other institutional investors have recently modified their holdings of DLTH. Cooper Creek Partners Management LLC raised its stake in Duluth Holdings by 351.0% during the second quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after acquiring an additional 418,965 shares in the last quarter. Summit Creek Advisors LLC raised its stake in Duluth Holdings by 154.4% during the second quarter. Summit Creek Advisors LLC now owns 532,652 shares of the company’s stock worth $9,700,000 after acquiring an additional 323,293 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Duluth Holdings by 183.8% during the second quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock worth $8,164,000 after acquiring an additional 290,392 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Duluth Holdings during the first quarter worth about $6,057,000. Finally, Franklin Resources Inc. raised its stake in Duluth Holdings by 24.9% during the second quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock worth $14,497,000 after acquiring an additional 158,489 shares in the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.
About Duluth Holdings
Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.
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