Wall Street brokerages forecast that Duluth Holdings Inc (NASDAQ:DLTH) will announce sales of $84.25 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Duluth’s earnings, with estimates ranging from $82.70 million to $86.00 million. Duluth 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 earnings results before the market opens on Thursday, December 7th.

On average, analysts expect that Duluth will report full-year sales of $84.25 million for the current financial year, with estimates ranging from $463.90 million to $470.00 million. For the next financial year, analysts expect that the firm will post sales of $573.97 million per share, with estimates ranging from $567.30 million to $579.24 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Duluth.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, topping the 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 had a net margin of 4.64% and a return on equity of 17.05%. The company’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS.

Several brokerages have recently weighed in on DLTH. B. Riley restated a “buy” rating on shares of Duluth in a research report on Wednesday, November 1st. BidaskClub raised shares of Duluth from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research cut shares of Duluth from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BMO Capital Markets set a $30.00 target price on shares of Duluth and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, DA Davidson set a $25.00 target price on shares of Duluth and gave the company a “buy” rating in a report on Monday, November 27th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Duluth currently has an average rating of “Hold” and an average price target of $26.51.

Shares of Duluth (NASDAQ:DLTH) opened at $18.89 on Friday. The firm has a market cap of $549.60, a P/E ratio of 32.57, a PEG ratio of 1.36 and a beta of 0.05. The company has a current ratio of 2.54, a quick ratio of 0.30 and a debt-to-equity ratio of 0.17. Duluth has a 12-month low of $16.01 and a 12-month high of $37.49.

In other Duluth news, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.88, for a total value of $536,192.00. Following the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $38,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Allen L. Dittrich sold 15,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.86, for a total transaction of $282,900.00. Following the completion of the transaction, the senior vice president now directly owns 211,221 shares in the company, valued at $3,983,628.06. The disclosure for this sale can be found here. Insiders sold a total of 117,200 shares of company stock worth $2,282,090 over the last ninety days. Corporate insiders own 70.38% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DLTH. American International Group Inc. increased its stake in Duluth by 7.0% in the 1st quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after buying an additional 388 shares during the period. Vanguard Group Inc. increased its stake in Duluth by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 400,130 shares of the company’s stock valued at $8,519,000 after buying an additional 29,935 shares during the period. Geode Capital Management LLC increased its stake in Duluth by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 78,503 shares of the company’s stock valued at $1,671,000 after buying an additional 3,332 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Duluth by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 32,771 shares of the company’s stock valued at $698,000 after buying an additional 1,539 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Duluth 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 period. 37.49% of the stock is currently owned by institutional investors.

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Duluth 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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Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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