Duluth Holdings director Brett Lee Paschke buys $90,500 in stock

Brett Lee Paschke, a director at Duluth Holdings Inc . (NASDAQ:DLTH), recently acquired 50,000 shares of Class B Common Stock, according to a filing with the Securities and Exchange Commission. The purchase, made on April 3, 2025, was executed at a weighted average price of $1.81 per share, totaling approximately $90,500. This insider purchase comes as the stock trades near its 52-week low of $1.58, having declined about 65% over the past year, according to InvestingPro data.

The shares were bought in multiple transactions, with prices ranging from $1.66 to $1.90. Following this acquisition, Paschke now holds 93,801 shares directly. Additionally, he indirectly owns 18,959 shares through a trust.

Duluth Holdings, known for its retail apparel and accessory stores, is headquartered in Mount Horeb, Wisconsin.

In other recent news, Duluth Holdings Inc. reported disappointing financial results for the fourth quarter of 2024, with earnings per share (EPS) at -$0.04, falling short of the expected $0.11. Revenue also missed forecasts, totaling $241.3 million, which was $11.58 million below predictions. Despite these challenges, the company maintains a strong liquidity position with $103.3 million and remains debt-free. In a strategic leadership move, Stephanie Pugliese has been appointed as the new President and CEO, effective May 2025, marking her return to the role she held from 2015 to 2019. Analysts from various firms are closely monitoring the impact of this leadership change on the company's future performance. Duluth Holdings has projected net sales for fiscal year 2025 to be between $570 million and $595 million, with plans to open two new stores in the second half of the year. The company is also focusing on operational improvements and enhanced inventory management to drive profitability. These developments indicate a transformative period for Duluth Holdings as it navigates through recent challenges and leadership transitions.

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