Duluth (NASDAQ:DLTH) announced its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.10), MarketWatch Earnings reports. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The company had revenue of $106.70 million during the quarter, compared to analyst estimates of $104.68 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. Duluth updated its FY19 guidance to $0.79-0.84 EPS.
Shares of Duluth stock opened at $30.36 on Friday. The company has a quick ratio of 0.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $907.12 million, a PE ratio of 44.34, a PEG ratio of 1.85 and a beta of 0.17. Duluth has a fifty-two week low of $15.13 and a fifty-two week high of $35.67.
DLTH has been the subject of a number of analyst reports. Zacks Investment Research lowered Duluth from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. TheStreet upgraded Duluth from a “c+” rating to a “b” rating in a research report on Monday, November 19th. DA Davidson boosted their price target on Duluth to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. BidaskClub lowered Duluth from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 22nd. Finally, Robert W. Baird lowered Duluth from an “outperform” rating to a “neutral” rating and set a $22.00 price target for the company. in a research report on Thursday, August 23rd. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $29.00.
In other news, insider Stephanie L. Pugliese sold 2,830 shares of the company’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $31.18, for a total value of $88,239.40. Following the completion of the sale, the insider now owns 768,282 shares in the company, valued at $23,955,032.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Allen L. Dittrich sold 5,000 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $31.39, for a total value of $156,950.00. Following the completion of the sale, the senior vice president now owns 187,186 shares of the company’s stock, valued at approximately $5,875,768.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,830 shares of company stock valued at $1,768,369. Insiders own 70.38% of the company’s stock.
Several institutional investors have recently made changes to their positions in DLTH. Jane Street Group LLC acquired a new stake in shares of Duluth in the second quarter valued at $205,000. Rhumbline Advisers acquired a new stake in shares of Duluth in the third quarter valued at $229,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Duluth during the third quarter valued at $263,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Duluth by 39.7% during the second 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. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Duluth during the third quarter valued at $372,000. Institutional investors and hedge funds own 39.85% of the company’s stock.
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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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