Duluth (DLTH) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Duluth (NASDAQ:DLTH) announced its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04), Bloomberg Earnings reports. Duluth had a net margin of 4.64% and a return on equity of 17.05%. The firm had revenue of $83.70 million during the quarter, compared to analyst estimates of $84.01 million. During the same quarter last year, the company earned $0.01 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. Duluth updated its FY18 guidance to 0.66-0.71 EPS.
Duluth (DLTH) traded up $0.55 during trading hours on Thursday, reaching $19.28. The company had a trading volume of 584,800 shares, compared to its average volume of 268,643. The firm has a market capitalization of $544.94, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 1.35 and a beta of 0.03. Duluth has a 52-week low of $16.01 and a 52-week high of $37.49. The company has a quick ratio of 0.30, a current ratio of 2.54 and a debt-to-equity ratio of 0.17.
In related news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $18.88, for a total transaction of $536,192.00. Following the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at $38,364.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Ferry sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total value of $38,780.00. Following the transaction, the director now directly owns 2,032 shares in the company, valued at $39,400.48. The disclosure for this sale can be found here. Insiders have sold 117,200 shares of company stock worth $2,282,090 over the last three months. 70.38% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. DA Davidson set a $25.00 target price on Duluth and gave the company a “buy” rating in a report on Monday, November 27th. Robert W. Baird reaffirmed a “buy” rating and set a $26.00 target price on shares of Duluth in a report on Friday, November 10th. B. Riley reaffirmed a “buy” rating on shares of Duluth in a report on Wednesday, November 1st. Zacks Investment Research downgraded Duluth from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, BMO Capital Markets downgraded Duluth from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.51.
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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