Equities analysts expect Duluth Holdings Inc (NASDAQ:DLTH) to post $0.56 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Duluth’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.58. Duluth posted earnings of $0.43 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 30.2%. The business is expected to announce its next quarterly earnings results on Tuesday, March 20th.
According to Zacks, analysts expect that Duluth will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.66 to $0.69. For the next year, analysts expect that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.83 to $1.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Duluth.
Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). The business had revenue of $83.70 million during the quarter, compared to analyst estimates of $84.01 million. Duluth had a net margin of 4.16% and a return on equity of 15.23%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS.
Shares of Duluth (DLTH) traded up $0.48 during trading on Wednesday, reaching $17.05. 106,151 shares of the company were exchanged, compared to its average volume of 238,450. Duluth has a one year low of $15.13 and a one year high of $23.76. The company has a quick ratio of 0.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $552.17 and a P/E ratio of 31.00.
In related news, Director William E. Ferry sold 20,200 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $17.34, for a total transaction of $350,268.00. Following the completion of the sale, the director now directly owns 2,032 shares in the company, valued at $35,234.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $18.88, for a total transaction of $536,192.00. Following the sale, the director now owns 2,032 shares of the company’s stock, valued at $38,364.16. The disclosure for this sale can be found here. Insiders sold 63,600 shares of company stock valued at $1,169,360 over the last quarter. Company insiders own 70.38% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DLTH. JPMorgan Chase & Co. purchased a new position in Duluth in the third quarter worth approximately $158,000. Rhumbline Advisers raised its position in Duluth by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after buying an additional 885 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Duluth in the second quarter valued at approximately $242,000. Mesirow Financial Investment Management Inc. bought a new position in Duluth in the second quarter valued at approximately $360,000. Finally, Dupont Capital Management Corp grew its stake in Duluth by 61.7% in the third quarter. Dupont Capital Management Corp now owns 24,840 shares of the company’s stock valued at $504,000 after purchasing an additional 9,475 shares in the last quarter. Hedge funds and other institutional investors own 37.87% 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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