Wall Street analysts expect Duluth Holdings Inc (NASDAQ:DLTH) to report $104.68 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Duluth’s earnings. The lowest sales estimate is $101.80 million and the highest is $108.40 million. Duluth reported sales of $83.73 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The firm is scheduled to issue its next quarterly earnings results on Thursday, December 6th.
According to Zacks, 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 year, analysts anticipate that the business will post sales of $671.92 million, with estimates ranging from $661.30 million to $688.10 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Duluth.
Duluth (NASDAQ:DLTH) last posted its quarterly 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. The firm had revenue of $110.65 million for the quarter, compared to analyst estimates of $106.56 million. Duluth had a net margin of 4.76% and a return on equity of 16.57%. Duluth’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share.
DLTH has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of 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. DA Davidson boosted their price target on shares of Duluth to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. BidaskClub lowered shares of Duluth from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 10th. ValuEngine upgraded shares of Duluth from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Finally, Robert W. Baird restated a “buy” rating and set a $30.00 price target on shares of Duluth in a research report on Thursday, August 9th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.00.
DLTH traded up $0.87 on Monday, reaching $28.94. 127,354 shares of the company’s stock were exchanged, compared to its average volume of 225,444. The firm has a market capitalization of $919.39 million, a PE ratio of 43.19, a PEG ratio of 1.88 and a beta of 0.01. Duluth has a twelve month low of $15.13 and a twelve month high of $35.67. The company has a current ratio of 2.73, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53.
In other Duluth news, insider Stephanie L. Pugliese sold 2,830 shares of Duluth 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 transaction, the insider now directly owns 768,282 shares of the company’s stock, valued at $23,955,032.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Allen L. Dittrich sold 4,000 shares of Duluth stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $28.97, for a total transaction of $115,880.00. Following 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. Insiders have sold 40,830 shares of company stock worth $1,265,659 over the last 90 days. 74.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in Duluth by 27.5% during the second quarter. FMR LLC now owns 1,698,414 shares of the company’s stock worth $40,405,000 after purchasing an additional 366,111 shares during the period. BlackRock Inc. raised its stake in shares of 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 during the period. Summit Creek Advisors LLC raised its stake in shares of Duluth by 10.3% in the 3rd quarter. Summit Creek Advisors LLC now owns 325,465 shares of the company’s stock valued at $10,239,000 after acquiring an additional 30,380 shares during the period. Cortina Asset Management LLC purchased a new stake in shares of Duluth in the 2nd quarter valued at approximately $5,911,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of 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 during the period. 43.32% of the stock is currently owned by institutional investors.
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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