Duluth (DLTH) Updates FY19 Earnings Guidance

Duluth (NASDAQ:DLTH) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $0.79-0.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.84. The company issued revenue guidance of $555-575 million, compared to the consensus revenue estimate of $575.68 million.

Several research firms have issued reports on DLTH. BidaskClub raised Duluth from a buy rating to a strong-buy rating in a report on Saturday, December 1st. Zacks Investment Research downgraded Duluth from a buy rating to a hold rating in a report on Tuesday, November 6th. TheStreet raised Duluth from a c+ rating to a b rating in a research note on Monday, November 19th. Stifel Nicolaus increased their price target on Duluth from $26.00 to $29.00 and gave the company a hold rating in a research note on Thursday, September 6th. Finally, DA Davidson increased their price target on Duluth to $38.00 and gave the company a buy rating in a research note on Thursday, September 6th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $29.00.

Shares of DLTH stock traded down $1.58 during trading hours on Friday, reaching $28.78. The company had a trading volume of 747 shares, compared to its average volume of 171,400. 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 company has a market cap of $907.12 million, a P/E ratio of 43.58, a price-to-earnings-growth ratio of 1.85 and a beta of 0.17. Duluth has a 1-year low of $15.13 and a 1-year high of $35.67.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, December 6th. The company reported ($0.10) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.10). The company had revenue of $106.70 million for the quarter, compared to the consensus estimate of $104.68 million. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. Research analysts anticipate that Duluth will post 0.84 earnings per share for the current fiscal year.

In related news, insider Stephanie L. Pugliese sold 25,000 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $32.51, for a total value of $812,750.00. Following the completion of the sale, the insider now owns 770,032 shares in the company, valued at approximately $25,033,740.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Allen L. Dittrich sold 5,000 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $31.58, for a total transaction of $157,900.00. Following the completion of the sale, the chief operating officer now owns 177,186 shares of the company’s stock, valued at approximately $5,595,533.88. The disclosure for this sale can be found here. In the last three months, insiders sold 56,830 shares of company stock worth $1,768,369. 70.38% of the stock is currently owned by company insiders.

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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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Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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