Duluth Holdings Inc. (DLTH) Director E David Coolidge III Purchases 15,000 Shares

Duluth Holdings Inc. (NASDAQ:DLTH) Director E David Coolidge III acquired 15,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $17.25 per share, for a total transaction of $258,750.00. Following the transaction, the director now owns 5,365 shares of the company’s stock, valued at $92,546.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Duluth Holdings Inc. (DLTH) traded up 0.64% during mid-day trading on Friday, reaching $17.21. 397,878 shares of the company’s stock traded hands. The stock has a market cap of $558.53 million, a P/E ratio of 30.19 and a beta of 0.12. The company has a 50 day moving average price of $19.94 and a 200-day moving average price of $22.65. Duluth Holdings Inc. has a 12 month low of $16.01 and a 12 month high of $38.19.

Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings data on Tuesday, June 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.04. Duluth Holdings had a net margin of 4.71% and a return on equity of 17.31%. The company had revenue of $83.70 million for the quarter, compared to the consensus estimate of $82.94 million. During the same quarter last year, the business posted $0.10 earnings per share. Duluth Holdings’s revenue was up 22.0% on a year-over-year basis. On average, analysts anticipate that Duluth Holdings Inc. will post $0.69 EPS for the current year.

Insider Buying and Selling by Quarter for Duluth Holdings (NASDAQ:DLTH)

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A number of institutional investors have recently modified their holdings of DLTH. Russell Investments Group Ltd. bought a new position in shares of Duluth Holdings during the fourth quarter valued at $2,467,000. State Street Corp boosted its position in shares of Duluth Holdings by 8.4% in the fourth quarter. State Street Corp now owns 151,618 shares of the company’s stock valued at $3,855,000 after buying an additional 11,689 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Duluth Holdings during the fourth quarter valued at $365,000. Cortina Asset Management LLC boosted its position in shares of Duluth Holdings by 2.2% in the fourth quarter. Cortina Asset Management LLC now owns 261,616 shares of the company’s stock valued at $6,645,000 after buying an additional 5,562 shares during the period. Finally, Nicholas Co. Inc. WI boosted its position in shares of Duluth Holdings by 0.4% in the fourth quarter. Nicholas Co. Inc. WI now owns 112,400 shares of the company’s stock valued at $2,854,000 after buying an additional 490 shares during the period. Institutional investors and hedge funds own 31.52% of the company’s stock.

A number of brokerages have recently commented on DLTH. Robert W. Baird cut their price objective on shares of Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, June 9th. BMO Capital Markets set a $30.00 price objective on shares of Duluth Holdings and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Stifel Nicolaus cut their price objective on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 7th. Wunderlich reissued a “buy” rating and issued a $36.00 price objective on shares of Duluth Holdings in a research report on Friday, June 9th. Finally, Zacks Investment Research raised shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Duluth Holdings currently has an average rating of “Hold” and a consensus price target of $30.01.

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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