Duluth Holdings Inc. (DLTH) Forecasted to Post Q3 2018 Earnings of $0.03 Per Share
Duluth Holdings Inc. (NASDAQ:DLTH) – Equities researchers at William Blair increased their Q3 2018 earnings estimates for Duluth Holdings in a note issued to investors on Wednesday. William Blair analyst D. Carden now anticipates that the company will post earnings per share of $0.03 for the quarter, up from their prior estimate of $0.01. William Blair also issued estimates for Duluth Holdings’ Q4 2018 earnings at $0.53 EPS.
A number of other research firms have also weighed in on DLTH. Zacks Investment Research upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. FBR & Co reissued a “buy” rating and issued a $26.00 price objective on shares of Duluth Holdings in a research note on Thursday, August 31st. Wunderlich reissued a “buy” rating and issued a $26.00 price objective on shares of Duluth Holdings in a research note on Thursday, July 20th. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Duluth Holdings in a research note on Wednesday. Finally, Robert W. Baird reduced their price objective on Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, June 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Duluth Holdings currently has a consensus rating of “Buy” and an average price target of $26.38.
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Shares of Duluth Holdings (DLTH) traded down 1.54% on Friday, reaching $19.20. 26,047 shares of the company traded hands. The company has a market capitalization of $623.12 million, a PE ratio of 33.68 and a beta of 0.19. Duluth Holdings has a 52-week low of $16.01 and a 52-week high of $38.19. The firm has a 50-day moving average of $19.51 and a 200-day moving average of $19.72.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 EPS 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 for the quarter, compared to analyst estimates of $82.51 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. raised its position in shares of Duluth Holdings by 7.0% during the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock worth $126,000 after acquiring an additional 388 shares during the last quarter. Invictus RG bought a new stake in Duluth Holdings in the first quarter valued at about $182,000. Paloma Partners Management Co bought a new stake in Duluth Holdings in the first quarter valued at about $212,000. Trexquant Investment LP bought a new stake in Duluth Holdings in the first quarter valued at about $223,000. Finally, Rhumbline Advisers increased its holdings in Duluth Holdings by 9.2% in the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after purchasing an additional 885 shares during the last quarter. Institutional investors own 33.54% of the company’s stock.
In other Duluth Holdings news, SVP Allen L. Dittrich sold 10,000 shares of Duluth Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $18.99, for a total value of $189,900.00. Following the completion of the transaction, the senior vice president now owns 241,221 shares in the company, valued at approximately $4,580,786.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director E David Coolidge III acquired 15,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was acquired 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 ninety days, insiders sold 66,800 shares of company stock worth $1,291,252. 70.38% of the stock is owned by insiders.
Duluth Holdings Company Profile
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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