Duluth (NASDAQ:DLTH) SVP Richard Schlecht Purchases 18,052 Shares

Duluth Holdings Inc. (NASDAQ:DLTH) SVP Richard Schlecht acquired 18,052 shares of Duluth stock in a transaction on Tuesday, December 23rd. The shares were bought at an average cost of $2.17 per share, with a total value of $39,172.84. Following the completion of the transaction, the senior vice president owned 341,731 shares of the company’s stock, valued at approximately $741,556.27. This trade represents a 5.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Duluth Stock Performance

Shares of NASDAQ DLTH opened at $2.07 on Tuesday. Duluth Holdings Inc. has a one year low of $1.58 and a one year high of $4.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.21. The stock’s fifty day moving average price is $2.84 and its two-hundred day moving average price is $2.74. The firm has a market cap of $76.03 million, a price-to-earnings ratio of -2.38 and a beta of 1.69.

Duluth (NASDAQ:DLTH) last released its earnings results on Tuesday, December 16th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.33. The company had revenue of $114.87 million for the quarter, compared to analyst estimates of $118.50 million. Duluth had a negative return on equity of 11.51% and a negative net margin of 5.03%.During the same period in the prior year, the firm posted ($0.41) EPS. On average, equities analysts forecast that Duluth Holdings Inc. will post -0.56 EPS for the current year.

Institutional Trading of Duluth

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in Duluth during the 3rd quarter valued at about $140,000. Goldman Sachs Group Inc. lifted its position in shares of Duluth by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after buying an additional 29,521 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Duluth in the second quarter worth approximately $50,000. Squarepoint Ops LLC purchased a new stake in Duluth in the 3rd quarter worth $85,000. Finally, Yarger Wealth Strategies LLC raised its stake in Duluth by 124.5% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock valued at $68,000 after purchasing an additional 17,978 shares during the period. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Key Duluth News

Here are the key news stories impacting Duluth this week:

• Positive Sentiment: Senior VP Richard W. Schlecht disclosed two recent open-market purchases (Dec 23 and Dec 24) totaling ~28,554 shares at roughly $2.17–$2.22, increasing his ownership and signalling insider confidence. This can support the share price by suggesting management views the stock as undervalued. Read More.
• Neutral Sentiment: Local retail/market news: Duluth Coffee Company plans to move its Superior Street cafe—local foot-traffic changes can marginally affect retail environment but are unlikely to meaningfully impact DLTH’s corporate performance. Read More.
• Neutral Sentiment: Other local developments (city policy, community events and sports) are of limited direct relevance to DLTH’s corporate results but set the regional context for consumer activity. Read More.
• Negative Sentiment: Law firm investigation: A Schall Law Firm notice invites DLTH investors to join a fraud investigation — this is the headline risk. Such notices often precede shareholder litigation or heightened regulatory scrutiny, which can depress the stock while uncertainty persists. Read More.

Analyst Ratings Changes

Several analysts have recently commented on DLTH shares. Wall Street Zen upgraded Duluth to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Duluth in a research report on Tuesday, October 14th. Singular Research upgraded shares of Duluth to a “strong-buy” rating in a research report on Monday, October 13th. Baird R W raised Duluth from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Robert W. Baird set a $5.00 price target on shares of Duluth in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Duluth currently has a consensus rating of “Buy” and a consensus target price of $5.00.

About Duluth

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.