$84.21 Million in Sales Expected for Duluth Holdings Inc. (DLTH) This Quarter
Equities research analysts predict that Duluth Holdings Inc. (NASDAQ:DLTH) will announce $84.21 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Duluth Holdings’ earnings. The highest sales estimate is $86.00 million and the lowest is $82.70 million. Duluth Holdings posted 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 expected to report its next quarterly earnings results on Thursday, December 14th.
On average, analysts expect that Duluth Holdings will report full year sales of $84.21 million for the current fiscal year, with estimates ranging from $463.90 million to $470.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $569.84 million per share, with estimates ranging from $549.18 million to $579.24 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow 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, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $82.51 million. During the same quarter in the prior year, the business posted $0.11 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year.
Several equities research analysts recently commented on DLTH shares. Zacks Investment Research raised shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Thursday, September 7th. FBR & Co reiterated a “buy” rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Wednesday, September 6th. DA Davidson reiterated a “buy” rating and issued a $25.00 target price on shares of Duluth Holdings in a research note on Wednesday, September 6th. Wunderlich reiterated a “buy” rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Thursday, July 20th. Finally, BMO Capital Markets set a $30.00 target price on shares of Duluth Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.38.
In other news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $18.93, for a total value of $537,612.00. Following the transaction, the director now owns 2,032 shares in the company, valued at $38,465.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Allen L. Dittrich sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 241,221 shares in the company, valued at approximately $4,580,786.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,200 shares of company stock worth $1,900,872. Insiders own 70.38% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of DLTH. Cooper Creek Partners Management LLC raised its holdings in shares of Duluth Holdings by 351.0% during the second quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock valued at $9,803,000 after purchasing an additional 418,965 shares during the last quarter. Summit Creek Advisors LLC raised its holdings in shares of Duluth Holdings by 154.4% during the second quarter. Summit Creek Advisors LLC now owns 532,652 shares of the company’s stock valued at $9,700,000 after purchasing an additional 323,293 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Duluth Holdings by 183.8% during the second quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock valued at $8,164,000 after purchasing an additional 290,392 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Duluth Holdings during the first quarter valued at approximately $6,057,000. Finally, Franklin Resources Inc. raised its holdings in shares of Duluth Holdings by 24.9% during the second quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock valued at $14,497,000 after purchasing an additional 158,489 shares during the last quarter. Hedge funds and other institutional investors own 33.56% of the company’s stock.
Shares of Duluth Holdings (NASDAQ DLTH) opened at 20.26 on Wednesday. Duluth Holdings has a 12-month low of $16.01 and a 12-month high of $38.19. The company has a 50 day moving average of $19.81 and a 200-day moving average of $19.58. The firm has a market cap of $657.60 million, a price-to-earnings ratio of 34.34 and a beta of 0.20.
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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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