Wall Street brokerages predict that Duluth Holdings (NASDAQ:DLTH) will post $100.61 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Duluth’s earnings. The lowest sales estimate is $97.70 million and the highest is $102.30 million. Duluth posted sales of $83.69 million in the same quarter last year, which would indicate a positive year over year growth rate of 20.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, June 5th.
According to Zacks, analysts expect that Duluth will report full-year sales of $574.25 million for the current year, with estimates ranging from $568.20 million to $578.25 million. For the next year, analysts forecast that the company will post sales of $668.36 million per share, with estimates ranging from $656.90 million to $688.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Duluth.
Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Tuesday, March 20th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $217.80 million during the quarter, compared to analyst estimates of $208.70 million. Duluth had a net margin of 4.95% and a return on equity of 17.37%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share.
Several analysts have commented on DLTH shares. TheStreet raised shares of Duluth from a “d+” rating to a “c-” rating in a research report on Wednesday, April 4th. Zacks Investment Research lowered shares of Duluth from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Robert W. Baird decreased their price objective on shares of Duluth from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, March 21st. BidaskClub lowered shares of Duluth from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Duluth in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $21.86.
In other news, Director William E. Ferry sold 20,200 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $18.62, for a total transaction of $376,124.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Allen L. Dittrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $18.60, for a total transaction of $186,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,600 shares of company stock valued at $1,250,136 over the last three months. 70.38% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of DLTH. Franklin Resources Inc. lifted its position in Duluth by 14.7% during the fourth quarter. Franklin Resources Inc. now owns 1,712,746 shares of the company’s stock worth $30,572,000 after buying an additional 219,671 shares during the period. Avenir Corp purchased a new position in Duluth in the fourth quarter valued at about $7,589,000. Skylands Capital LLC grew its stake in Duluth by 149.8% in the fourth quarter. Skylands Capital LLC now owns 251,600 shares of the company’s stock valued at $4,491,000 after purchasing an additional 150,896 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Duluth by 34.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 442,700 shares of the company’s stock valued at $7,902,000 after purchasing an additional 112,700 shares in the last quarter. Finally, Alexandria Capital LLC purchased a new position in Duluth in the fourth quarter valued at about $1,301,000. 42.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of DLTH stock traded down $0.90 during mid-day trading on Wednesday, hitting $18.29. 198,504 shares of the stock traded hands, compared to its average volume of 227,379. The firm has a market cap of $560.43, a price-to-earnings ratio of 27.30, a PEG ratio of 1.16 and a beta of -0.09. Duluth has a 52-week low of $15.13 and a 52-week high of $22.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.24 and a current ratio of 2.02.
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Duluth Company Profile
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.
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