$84.25 Million in Sales Expected for Duluth Holdings Inc (DLTH) This Quarter
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.
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.
ILLEGAL ACTIVITY WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/03/84-25-million-in-sales-expected-for-duluth-holdings-inc-dlth-this-quarter.html.
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.
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.