Goldman Sachs Group Inc. Has $152,000 Position in Duluth Holdings Inc. $DLTH

Goldman Sachs Group Inc. raised its stake in shares of Duluth Holdings Inc. (NASDAQ:DLTH) by 50.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,615 shares of the company’s stock after buying an additional 29,521 shares during the quarter. Goldman Sachs Group Inc. owned about 0.23% of Duluth worth $152,000 at the end of the most recent reporting period.

Separately, Northern Trust Corp grew its position in shares of Duluth by 14.2% in the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock valued at $193,000 after purchasing an additional 7,769 shares during the period. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Insider Activity

In related news, CFO Heena Agrawal acquired 10,000 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were bought at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the purchase, the chief financial officer directly owned 248,093 shares in the company, valued at approximately $868,325.50. This trade represents a 4.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DLTH. Baird R W upgraded 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 boosted their price objective for the company from $2.00 to $7.00 in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, Duluth has a consensus rating of “Strong Buy” and a consensus target price of $7.00.

Duluth Trading Up 2.3%

Shares of Duluth stock opened at $3.62 on Tuesday. Duluth Holdings Inc. has a 12-month low of $1.58 and a 12-month high of $4.66. The stock has a market cap of $132.82 million, a P/E ratio of -2.53 and a beta of 1.20. 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’s 50 day moving average is $2.78 and its 200-day moving average is $2.23.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $131.72 million for the quarter, compared to analysts’ expectations of $124.03 million. Duluth has set its FY 2025 guidance at EPS. Equities research analysts predict that Duluth Holdings Inc. will post -0.56 earnings per share for the current fiscal year.

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.