Analysts expect Duluth Holdings Inc (NASDAQ:DLTH) to post $104.68 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Duluth’s earnings, with estimates ranging from $101.80 million to $108.40 million. Duluth reported sales of $83.73 million in the same quarter last year, which would suggest a positive year over year growth rate of 25%. The business is scheduled to report its next earnings results on Thursday, December 6th.
On average, analysts expect that Duluth will report full year sales of $575.68 million for the current financial year, with estimates ranging from $572.30 million to $581.80 million. For the next financial year, analysts expect that the firm will report sales of $671.92 million, with estimates ranging from $661.30 million to $688.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Duluth.
Duluth (NASDAQ:DLTH) last released its earnings results on Wednesday, September 5th. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The firm had revenue of $110.65 million for the quarter, compared to the consensus estimate of $106.56 million. Duluth had a net margin of 4.76% and a return on equity of 16.57%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS.
DLTH has been the topic of a number of recent research reports. ValuEngine raised shares of Duluth from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Stifel Nicolaus upped their target price on shares of Duluth from $26.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th. BidaskClub raised shares of Duluth from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 23rd. William Blair raised shares of Duluth from a “market perform” rating to an “outperform” rating in a research report on Friday, June 29th. Finally, Robert W. Baird downgraded shares of Duluth from an “outperform” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Thursday, August 23rd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $29.00.
In related news, SVP Allen L. Dittrich sold 4,000 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $22.96, for a total transaction of $91,840.00. Following the sale, the senior vice president now directly owns 196,186 shares of the company’s stock, valued at approximately $4,504,430.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie L. Pugliese sold 2,830 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $31.18, for a total transaction of $88,239.40. Following the sale, the insider now directly owns 768,282 shares in the company, valued at $23,955,032.76. The disclosure for this sale can be found here. Insiders have sold a total of 40,830 shares of company stock worth $1,265,659 over the last three months. 74.90% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in DLTH. Jane Street Group LLC purchased a new stake in Duluth during the 2nd quarter valued at about $205,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Duluth by 39.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock valued at $309,000 after purchasing an additional 3,692 shares during the last quarter. Perkins Capital Management Inc. purchased a new stake in Duluth during the 2nd quarter valued at about $321,000. Dynamic Technology Lab Private Ltd purchased a new stake in Duluth during the 1st quarter valued at about $453,000. Finally, Barclays PLC grew its position in Duluth by 1,452.0% during the 1st quarter. Barclays PLC now owns 24,971 shares of the company’s stock valued at $467,000 after purchasing an additional 23,362 shares during the last quarter. 43.32% of the stock is currently owned by institutional investors.
Shares of NASDAQ:DLTH traded up $0.87 during midday trading on Monday, reaching $28.94. The company’s stock had a trading volume of 127,354 shares, compared to its average volume of 225,444. The company has a market capitalization of $919.39 million, a PE ratio of 43.19, a P/E/G ratio of 1.88 and a beta of 0.01. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 0.33. Duluth has a 12-month low of $15.13 and a 12-month high of $35.67.
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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