Duluth Holdings Inc (DLTH) Expected to Announce Earnings of -$0.10 Per Share

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Equities research analysts expect Duluth Holdings Inc (NASDAQ:DLTH) to report ($0.10) earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Duluth’s earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.13). Duluth reported earnings per share of ($0.03) during the same quarter last year, which would indicate a negative year-over-year growth rate of 233.3%. The firm is scheduled to issue its next earnings report on Thursday, December 6th.

According to Zacks, analysts expect that Duluth will report full-year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.86. For the next financial year, analysts forecast that the business will report earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.06. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Duluth.

Duluth (NASDAQ:DLTH) last posted its earnings results on Wednesday, September 5th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The firm had revenue of $110.65 million for the quarter, compared to the consensus estimate of $106.56 million. During the same quarter in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 28.3% on a year-over-year basis.

A number of analysts have recently commented on DLTH shares. 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. Robert W. Baird cut Duluth from an “outperform” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research report on Thursday, August 23rd. Zacks Investment Research raised Duluth from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, September 6th. ValuEngine raised Duluth from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Finally, Stifel Nicolaus boosted their price target on Duluth from $26.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $29.00.

Shares of DLTH stock traded up $0.87 during midday trading on Friday, reaching $28.94. 127,354 shares of the stock were exchanged, compared to its average volume of 225,444. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73. Duluth has a 1 year low of $15.13 and a 1 year high of $35.67. The company has a market capitalization of $919.39 million, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 1.88 and a beta of 0.01.

In related news, insider Stephanie L. Pugliese sold 2,830 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 768,282 shares of the company’s stock, valued at approximately $23,955,032.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Allen L. Dittrich sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $28.97, for a total value of $115,880.00. Following the completion of the transaction, the senior vice president now directly owns 192,186 shares in the company, valued at $5,567,628.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,830 shares of company stock worth $1,265,659. Insiders own 74.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in DLTH. BlackRock Inc. lifted its position in Duluth by 0.9% in the 1st quarter. BlackRock Inc. now owns 723,379 shares of the company’s stock valued at $13,549,000 after acquiring an additional 6,187 shares in the last quarter. A.R.T. Advisors LLC bought a new position in Duluth in the 1st quarter valued at approximately $708,000. Blair William & Co. IL lifted its position in Duluth by 90.4% in the 1st quarter. Blair William & Co. IL now owns 81,535 shares of the company’s stock valued at $1,527,000 after acquiring an additional 38,710 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Duluth by 71.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 158,930 shares of the company’s stock valued at $2,976,000 after acquiring an additional 66,456 shares in the last quarter. Finally, Barclays PLC lifted its position in Duluth by 1,452.0% in the 1st quarter. Barclays PLC now owns 24,971 shares of the company’s stock valued at $467,000 after acquiring an additional 23,362 shares in the last quarter. 43.32% of the stock is currently owned by institutional investors and hedge funds.

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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