$257.45 Million in Sales Expected for Duluth Holdings Inc (DLTH) This Quarter

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Equities analysts expect Duluth Holdings Inc (NASDAQ:DLTH) to report sales of $257.45 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Duluth’s earnings. The lowest sales estimate is $254.50 million and the highest is $260.90 million. Duluth posted sales of $217.81 million during the same quarter last year, which suggests a positive year-over-year growth rate of 18.2%. The firm is expected to report its next quarterly earnings results on Tuesday, March 19th.

According to Zacks, analysts expect that Duluth will report full year sales of $575.03 million for the current year, with estimates ranging from $572.10 million to $578.50 million. For the next financial year, analysts forecast that the company will post sales of $673.73 million, with estimates ranging from $664.00 million to $684.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Duluth.

DLTH has been the topic of a number of research analyst reports. Zacks Investment Research raised Duluth from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. DA Davidson raised Duluth from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Thursday, January 24th. They noted that the move was a valuation call. BidaskClub lowered Duluth from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. ValuEngine lowered Duluth from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, TheStreet raised Duluth from a “c+” rating to a “b” rating in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Duluth currently has an average rating of “Hold” and an average price target of $28.25.

Shares of NASDAQ DLTH opened at $22.08 on Thursday. The company has a market capitalization of $645.07 million, a price-to-earnings ratio of 32.96, a PEG ratio of 0.89 and a beta of 0.53. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.29 and a current ratio of 2.31. Duluth has a 52-week low of $15.95 and a 52-week high of $35.67.

In other Duluth news, COO Allen L. Dittrich sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $25.47, for a total value of $127,350.00. Following the completion of the transaction, the chief operating officer now owns 170,686 shares in the company, valued at $4,347,372.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 74.90% of the company’s stock.

Several large investors have recently bought and sold shares of DLTH. Russell Investments Group Ltd. grew its stake in shares of Duluth by 10.1% in the third quarter. Russell Investments Group Ltd. now owns 155,721 shares of the company’s stock worth $4,899,000 after acquiring an additional 14,340 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Duluth by 83.9% in the third quarter. JPMorgan Chase & Co. now owns 25,235 shares of the company’s stock worth $794,000 after acquiring an additional 11,514 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Duluth in the third quarter worth $229,000. EAM Investors LLC acquired a new position in shares of Duluth in the third quarter worth $1,270,000. Finally, EAM Global Investors LLC acquired a new position in shares of Duluth in the third quarter worth $1,603,000. Institutional investors and hedge funds own 41.18% of the company’s stock.

About Duluth

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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