Brett Lee Paschke Buys 50,000 Shares of Duluth Holdings Inc (NASDAQ:DLTH) Stock

Duluth Holdings Inc (NASDAQ:DLTH) Director Brett Lee Paschke bought 50,000 shares of Duluth stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $1.81 per share, with a total value of $90,500.00. Following the completion of the transaction, the director now directly owns 93,801 shares in the company, valued at approximately $169,779.81. This trade represents a 114.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Duluth Trading Up 3.6 %

Shares of Duluth stock opened at $1.74 on Wednesday. The company’s 50-day moving average price is $2.47 and its 200-day moving average price is $3.14. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.30. Duluth Holdings Inc has a 12-month low of $1.58 and a 12-month high of $4.95. The company has a market cap of $55.29 million, a price-to-earnings ratio of -1.76 and a beta of 1.21.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.32). The firm had revenue of $241.27 million during the quarter, compared to the consensus estimate of $252.86 million. Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. On average, equities analysts expect that Duluth Holdings Inc will post -0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on DLTH. StockNews.com assumed coverage on shares of Duluth in a research note on Wednesday, April 2nd. They issued a “hold” rating for the company. Robert W. Baird reduced their price target on Duluth from $3.50 to $2.75 and set a “neutral” rating for the company in a research report on Friday, March 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DLTH. Fruth Investment Management purchased a new stake in shares of Duluth during the 4th quarter valued at $42,000. Taylor & Morgan Wealth Management LLC lifted its stake in Duluth by 47.0% during the first quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company’s stock worth $69,000 after purchasing an additional 12,687 shares during the last quarter. Guardian Wealth Management Inc. purchased a new position in shares of Duluth in the 4th quarter worth about $96,000. JPMorgan Chase & Co. increased its position in shares of Duluth by 106.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock valued at $122,000 after purchasing an additional 16,743 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Duluth by 14.2% during the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock valued at $193,000 after buying an additional 7,769 shares in the last quarter. Hedge funds and other institutional investors 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.