Duluth (DLTH) Updates FY18 Earnings Guidance
Duluth (NASDAQ:DLTH) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.66-0.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.69. The company issued revenue guidance of 455-465, compared to the consensus revenue estimate of $465.75 million.
Several analysts have commented on the stock. Robert W. Baird restated a buy rating on shares of Duluth in a research note on Friday, September 8th. Raymond James Financial cut shares of Duluth from an outperform rating to a market perform rating in a research note on Wednesday, August 23rd. DA Davidson set a $25.00 price objective on shares of Duluth and gave the company a buy rating in a research note on Monday, November 27th. BidaskClub upgraded shares of Duluth from a sell rating to a hold rating in a research note on Saturday, August 19th. Finally, Zacks Investment Research cut shares of Duluth from a buy rating to a hold rating in a research note on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Duluth currently has an average rating of Hold and a consensus price target of $26.51.
Duluth (DLTH) traded up $0.55 on Thursday, hitting $19.28. 584,800 shares of the company traded hands, compared to its average volume of 268,643. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.30 and a current ratio of 2.54. Duluth has a 1 year low of $16.01 and a 1 year high of $37.49. The firm has a market cap of $544.94, a PE ratio of 32.29, a P/E/G ratio of 1.35 and a beta of 0.03.
In related news, SVP Allen L. Dittrich sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $19.65, for a total transaction of $294,750.00. Following the sale, the senior vice president now directly owns 226,221 shares in the company, valued at $4,445,242.65. 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 that occurred on Wednesday, September 20th. The stock was sold at an average price of $19.39, for a total transaction of $38,780.00. Following the sale, the director now owns 2,032 shares in the company, valued at $39,400.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,200 shares of company stock worth $2,282,090. Corporate insiders own 70.38% of the company’s stock.
An institutional investor recently raised its position in Duluth stock. State Street Corp increased its position in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 8.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,454 shares of the company’s stock after buying an additional 13,420 shares during the period. State Street Corp owned about 0.51% of Duluth worth $3,013,000 at the end of the most recent reporting period. Institutional investors own 37.48% of the company’s stock.
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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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