Duluth holdings CFO Heena Agrawal buys $16,560 in stock

Published 14/04/2025, 21:28
Duluth holdings CFO Heena Agrawal buys $16,560 in stock

Heena Agrawal, the Senior Vice President and Chief Financial Officer of Duluth Holdings Inc . (NASDAQ:DLTH), recently acquired 9,000 shares of the company’s Class B common stock. The purchase, which took place on April 11, 2025, was made at a weighted average price of $1.84 per share, totaling approximately $16,560. The transaction comes as the company’s stock trades at just 0.35 times book value, with shares down nearly 60% over the past year. According to InvestingPro analysis, the company currently has a market capitalization of $62.9 million.

The shares were bought in multiple transactions, with prices ranging from $1.83 to $1.86. Following this transaction, Agrawal’s direct ownership in Duluth Holdings increased to 225,093 shares. While the company maintains a current ratio of 1.49, indicating adequate liquidity to meet short-term obligations, InvestingPro data reveals several additional key metrics and insights available to subscribers.

This acquisition reflects Agrawal’s continued confidence in the company’s prospects as she takes a more substantial stake in the retail apparel and accessory store chain headquartered in Mount Horeb, Wisconsin. The company’s next earnings report is scheduled for May 29, 2025.

In other recent news, Duluth Holdings Inc. reported disappointing financial results for the fourth quarter of 2024, missing both earnings and revenue expectations. The company posted an earnings per share (EPS) loss of $0.04, falling short of the anticipated $0.11, while revenue reached $241.3 million, missing the forecasted $252.88 million. Despite these challenges, Duluth Holdings remains debt-free with $103.3 million in liquidity, emphasizing its strong financial management. The company also announced a significant leadership change, with Stephanie Pugliese returning as President and CEO effective May 2025. Pugliese previously led Duluth Trading from 2015 to 2019, during which time the company experienced notable growth. Additionally, Duluth Holdings outlined its expectations for fiscal year 2025, projecting net sales between $570 million and $595 million, with plans to expand its retail presence by opening two new stores in the second half of the year. The company also aims for a 300 basis point gross margin expansion, reflecting its strategic focus on operational improvements and inventory management.

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