Duluth Holdings Inc. to Post FY2019 Earnings of $0.83 Per Share, William Blair Forecasts (DLTH)
Duluth Holdings Inc. (NASDAQ:DLTH) – Equities research analysts at William Blair lifted their FY2019 EPS estimates for shares of Duluth Holdings in a report issued on Wednesday. William Blair analyst D. Carden now expects that the company will post earnings per share of $0.83 for the year, up from their prior forecast of $0.80.
Duluth Holdings (NASDAQ:DLTH) last announced its earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.46%. The business had revenue of $86.20 million during the quarter, compared to the consensus estimate of $82.51 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 31.0% compared to the same quarter last year.
A number of other brokerages also recently weighed in on DLTH. Zacks Investment Research raised shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. FBR & Co reaffirmed a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, August 31st. Wunderlich reaffirmed a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, July 20th. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Duluth Holdings in a research report on Wednesday. Finally, Robert W. Baird lowered their price objective on shares of Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, June 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Duluth Holdings currently has an average rating of “Buy” and an average target price of $26.38.
Shares of Duluth Holdings (DLTH) traded down 3.4063% during midday trading on Thursday, hitting $19.3767. 202,932 shares of the stock traded hands. The stock has a market cap of $628.85 million, a price-to-earnings ratio of 33.9942 and a beta of 0.19. Duluth Holdings has a one year low of $16.01 and a one year high of $38.19. The firm has a 50-day moving average price of $19.50 and a 200 day moving average price of $19.72.
In other Duluth Holdings news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.85, for a total value of $563,740.00. Following the completion of the transaction, the director now owns 2,032 shares in the company, valued at approximately $40,335.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director E David Coolidge III bought 15,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was purchased at an average price of $17.25 per share, with a total value of $258,750.00. Following the transaction, the director now owns 5,365 shares in the company, valued at approximately $92,546.25. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. PEAK6 Investments L.P. bought a new position in Duluth Holdings in the 1st quarter worth about $487,000. Dupont Capital Management Corp bought a new position in Duluth Holdings in the 2nd quarter worth about $280,000. OMERS ADMINISTRATION Corp bought a new position in Duluth Holdings in the 1st quarter worth about $307,000. Gradient Investments LLC grew its position in Duluth Holdings by 7.7% in the 2nd quarter. Gradient Investments LLC now owns 16,330 shares of the company’s stock worth $297,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Denver Investment Advisors LLC grew its position in Duluth Holdings by 178.8% in the 1st quarter. Denver Investment Advisors LLC now owns 26,245 shares of the company’s stock worth $559,000 after purchasing an additional 16,830 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.
About Duluth Holdings
Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.
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