Wall Street brokerages expect Duluth Holdings (NASDAQ:DLTH) to post $101.34 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Duluth’s earnings, with the highest sales estimate coming in at $102.30 million and the lowest estimate coming in at $99.40 million. Duluth reported sales of $83.69 million in the same quarter last year, which indicates a positive year-over-year growth rate of 21.1%. The company is scheduled to report its next earnings report before the market opens on Tuesday, June 5th.
According to Zacks, analysts expect that Duluth will report full-year sales of $575.76 million for the current financial year, with estimates ranging from $574.40 million to $578.25 million. For the next fiscal year, analysts expect that the business will post sales of $671.23 million per share, with estimates ranging from $661.00 million to $688.10 million. Zacks’ sales averages are an average based on a survey of research firms that follow Duluth.
Duluth (NASDAQ:DLTH) last released its earnings results on Tuesday, March 20th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $217.80 million during the quarter, compared to the consensus estimate of $208.70 million. Duluth had a net margin of 4.95% and a return on equity of 17.37%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS.
A number of analysts have weighed in on DLTH shares. BidaskClub downgraded shares of Duluth from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Zacks Investment Research downgraded shares of Duluth from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. TheStreet raised shares of Duluth from a “d+” rating to a “c-” rating in a research report on Wednesday, April 4th. Robert W. Baird decreased their target price 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. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Duluth in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $21.86.
In other Duluth news, Director William E. Ferry sold 20,200 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $16.72, for a total transaction of $337,744.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Allen L. Dittrich sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $16.84, for a total value of $101,040.00. Following the transaction, the senior vice president now owns 206,186 shares in the company, valued at $3,472,172.24. The disclosure for this sale can be found here. Insiders have sold a total of 76,600 shares of company stock worth $1,341,076 over the last 90 days. Company insiders own 74.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Avenir Corp bought a new position in shares of Duluth in the 4th quarter worth $7,589,000. Franklin Resources Inc. lifted its holdings in shares of Duluth by 14.7% in the 4th quarter. Franklin Resources Inc. now owns 1,712,746 shares of the company’s stock worth $30,572,000 after purchasing an additional 219,671 shares in the last quarter. Tygh Capital Management Inc. bought a new position in shares of Duluth in the 4th quarter worth $2,414,000. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Duluth by 39.6% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 431,713 shares of the company’s stock worth $7,706,000 after purchasing an additional 122,434 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Duluth by 34.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 442,700 shares of the company’s stock worth $7,902,000 after purchasing an additional 112,700 shares in the last quarter. Hedge funds and other institutional investors own 44.69% of the company’s stock.
NASDAQ:DLTH opened at $17.10 on Wednesday. The company has a market cap of $503.48 million, a price-to-earnings ratio of 26.12 and a beta of -0.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 0.24. Duluth has a fifty-two week low of $15.13 and a fifty-two week high of $21.76.
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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