Duluth Holdings Inc. (DLTH) Expected to Post Earnings of $0.01 Per Share
Wall Street analysts expect that Duluth Holdings Inc. (NASDAQ:DLTH) will report $0.01 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Duluth Holdings’ earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.02). Duluth Holdings also reported earnings of $0.01 per share in the same quarter last year. The firm is scheduled to issue its next earnings results on Thursday, December 14th.
On average, analysts expect that Duluth Holdings will report full-year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $0.71. For the next fiscal year, analysts expect that the business will report earnings of $0.84 per share, with EPS estimates ranging from $0.78 to $0.88. Zacks’ EPS averages are an average based on a survey of analysts that follow Duluth Holdings.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. The business had revenue of $86.20 million during the quarter, compared to the consensus estimate of $82.51 million. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. Duluth Holdings’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share.
DLTH has been the subject of several analyst reports. Zacks Investment Research upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. FBR & Co restated a “buy” rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Thursday, August 31st. BMO Capital Markets set a $30.00 target price on Duluth Holdings and gave the stock a “buy” rating in a research note on Sunday, September 10th. Wunderlich restated a “buy” rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Thursday, July 20th. Finally, DA Davidson restated a “buy” rating and issued a $25.00 target price on shares of Duluth Holdings in a research note on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Duluth Holdings currently has a consensus rating of “Buy” and an average price target of $26.38.
In other news, SVP Allen L. Dittrich sold 10,000 shares of Duluth Holdings stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.99, for a total transaction of $189,900.00. Following the completion of the sale, 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 accessible through this hyperlink. Also, Director William E. Ferry sold 28,400 shares of Duluth Holdings 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 sale, the director now owns 2,032 shares of the company’s stock, valued at approximately $40,335.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,800 shares of company stock valued at $1,291,252. Corporate insiders own 70.38% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Mesirow Financial Investment Management Inc. bought a new stake in shares of Duluth Holdings during the 2nd quarter valued at about $360,000. State Street Corp boosted its position in shares of Duluth Holdings by 8.8% during the 2nd quarter. State Street Corp now owns 165,454 shares of the company’s stock valued at $3,013,000 after acquiring an additional 13,420 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Duluth Holdings by 616.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 127,430 shares of the company’s stock valued at $2,321,000 after acquiring an additional 109,649 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Duluth Holdings during the 2nd quarter valued at about $556,000. Finally, Cooper Creek Partners Management LLC boosted its position in shares of Duluth Holdings by 351.0% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock valued at $9,803,000 after acquiring an additional 418,965 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.
Duluth Holdings (NASDAQ DLTH) opened at 19.40 on Friday. The company has a 50-day moving average price of $19.48 and a 200-day moving average price of $19.65. Duluth Holdings has a 1-year low of $16.01 and a 1-year high of $38.19. The firm has a market cap of $629.61 million, a P/E ratio of 34.04 and a beta of 0.19.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Duluth Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.