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David Finch, a director at Duluth Holdings Inc . (NASDAQ:DLTH), recently acquired 5,000 shares of Class B Common Stock, according to a filing with the Securities and Exchange Commission. The transaction, dated April 3, amounted to a total purchase value of $9,491, with each share priced at approximately $1.8982. The purchase comes as the stock trades near its 52-week low of $1.58, down 65% over the past year. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with a price-to-book ratio of 0.32. Following this acquisition, Finch's total direct ownership stands at 164,926 shares. Duluth Holdings, known for its retail apparel and accessory stores, is headquartered in Mount Horeb, Wisconsin. The company currently maintains a market capitalization of $59.6 million, with InvestingPro data revealing 14 additional key insights about the company's financial health and market position available to subscribers.
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 anticipated $0.11. The company's revenue also missed forecasts, coming in at $241.3 million compared to the expected $252.88 million. Despite these setbacks, Duluth Holdings maintains a strong financial position, ending the quarter debt-free with $103.3 million in liquidity. Looking ahead to fiscal year 2025, the company projects net sales between $570 million and $595 million, expecting a 300 basis point expansion in gross margin. In a significant leadership change, Stephanie Pugliese has been named the new President and CEO, marking her return to Duluth Trading after previously serving in the same role from 2015 to 2019. During her prior tenure, the company experienced notable growth, doubling its net sales. Founder and Chairman Stephen L. Schlecht expressed confidence in Pugliese's leadership, highlighting her expertise in brand-focused consumer businesses.
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