Duluth Holdings Inc. (DLTH) Expected to Announce Earnings of $0.01 Per Share
Equities analysts expect that Duluth Holdings Inc. (NASDAQ:DLTH) will announce earnings per share of $0.01 for the current quarter, Zacks reports. Six analysts have issued estimates for Duluth Holdings’ earnings. The highest EPS estimate is $0.03 and the lowest is ($0.02). Duluth Holdings also reported earnings of $0.01 per share in the same quarter last year. The firm is expected to announce its next earnings report on Thursday, December 14th.
On average, analysts expect that Duluth Holdings will report full year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.69 to $0.71. For the next year, analysts forecast that the business will report earnings of $0.84 per share, with EPS estimates ranging from $0.78 to $0.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Duluth Holdings.
Duluth Holdings (NASDAQ:DLTH) last posted its earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The company had revenue of $86.20 million for the quarter, compared to the consensus estimate of $82.51 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. Duluth Holdings’s revenue was up 31.0% on a year-over-year basis.
DLTH has been the topic of several research analyst reports. FBR & Co reiterated an “outperform” rating and set a $26.00 price target on shares of Duluth Holdings in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Duluth Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, September 7th. Wunderlich reiterated a “buy” rating and set a $26.00 price target on shares of Duluth Holdings in a research note on Thursday, July 20th. Robert W. Baird reiterated a “buy” rating on shares of Duluth Holdings in a research note on Friday, September 8th. Finally, Raymond James Financial, Inc. downgraded Duluth Holdings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.38.
Duluth Holdings (DLTH) traded up 2.11% on Monday, reaching $20.35. The company’s stock had a trading volume of 185,199 shares. The company has a market capitalization of $660.52 million, a price-to-earnings ratio of 34.49 and a beta of 0.20. Duluth Holdings has a 1-year low of $16.01 and a 1-year high of $38.19. The firm’s 50 day moving average price is $19.79 and its 200-day moving average price is $19.60.
In other news, Director William E. Ferry sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $19.39, for a total value of $38,780.00. Following the sale, the director now owns 2,032 shares in the company, valued at $39,400.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total value of $537,612.00. Following the completion of the sale, the director now owns 2,032 shares in the company, valued at approximately $38,465.76. The disclosure for this sale can be found here. Insiders sold 97,200 shares of company stock worth $1,900,872 in the last 90 days. Company insiders own 70.38% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in shares of Duluth Holdings in the second quarter worth about $280,000. Vanguard Group Inc. boosted its stake in shares of Duluth Holdings by 8.1% in the first quarter. Vanguard Group Inc. now owns 400,130 shares of the company’s stock worth $8,519,000 after buying an additional 29,935 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of Duluth Holdings by 7.7% in the second quarter. Gradient Investments LLC now owns 16,330 shares of the company’s stock worth $297,000 after buying an additional 1,170 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Duluth Holdings by 108.4% in the first quarter. Bank of New York Mellon Corp now owns 179,802 shares of the company’s stock worth $3,828,000 after buying an additional 93,512 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Duluth Holdings by 24.9% in the second quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock worth $14,497,000 after buying an additional 158,489 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.
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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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