Duluth Holdings Inc. (DLTH) Expected to Announce Quarterly Sales of $84.21 Million
Wall Street analysts expect that Duluth Holdings Inc. (NASDAQ:DLTH) will report sales of $84.21 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Duluth Holdings’ earnings, with the highest sales estimate coming in at $86.00 million and the lowest estimate coming in at $82.70 million. Duluth Holdings reported sales of $67.01 million in the same quarter last year, which suggests a positive year over year growth rate of 25.7%. The business is scheduled to report its next quarterly earnings results on Thursday, December 14th.
According to Zacks, analysts expect that Duluth Holdings will report full year sales of $84.21 million for the current year, with estimates ranging from $463.90 million to $470.00 million. For the next financial year, analysts expect that the business will post sales of $569.84 million per share, with estimates ranging from $549.18 million to $579.24 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Duluth Holdings.
Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The company had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $82.51 million. During the same period in the previous year, the company earned $0.11 EPS. The business’s quarterly revenue was up 31.0% compared to the same quarter last year.
DLTH has been the subject of a number of research analyst reports. Wunderlich reiterated a “buy” rating and issued a $36.00 target price on shares of Duluth Holdings in a research report on Friday, June 9th. Robert W. Baird cut their target price 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. FBR & Co reiterated an “outperform” rating and issued a $26.00 target price on shares of Duluth Holdings in a research report on Tuesday, July 11th. DA Davidson initiated coverage on shares of Duluth Holdings in a research report on Friday, July 21st. They issued a “buy” rating and a $25.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $26.38.
Shares of Duluth Holdings (NASDAQ DLTH) opened at 20.65 on Friday. Duluth Holdings has a 52 week low of $16.01 and a 52 week high of $38.19. The stock’s 50 day moving average is $19.82 and its 200 day moving average is $19.72. The stock has a market capitalization of $670.26 million, a PE ratio of 35.00 and a beta of 0.20.
In other news, SVP Allen L. Dittrich sold 10,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total transaction of $189,900.00. Following 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 document filed with the SEC, which is accessible through the SEC website. Also, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $18.93, for a total transaction of $537,612.00. Following the completion of the transaction, the director now owns 2,032 shares in the company, valued at $38,465.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,200 shares of company stock worth $1,900,872. 70.38% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of DLTH. Cooper Creek Partners Management LLC grew its stake in Duluth Holdings by 351.0% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock valued at $9,803,000 after buying an additional 418,965 shares during the last quarter. Summit Creek Advisors LLC grew its stake in Duluth Holdings by 154.4% in the 2nd quarter. Summit Creek Advisors LLC now owns 532,652 shares of the company’s stock valued at $9,700,000 after buying an additional 323,293 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Duluth Holdings by 183.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock valued at $8,164,000 after buying an additional 290,392 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Duluth Holdings in the 1st quarter valued at $6,057,000. Finally, Franklin Resources Inc. grew its stake in Duluth Holdings by 24.9% in the 2nd quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock valued at $14,497,000 after buying an additional 158,489 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.
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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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