Analysts Expect Duluth Holdings Inc (DLTH) Will Post Earnings of $0.56 Per Share

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.

A number of research firms recently commented on DLTH. Zacks Investment Research cut shares of Duluth from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Duluth from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Raymond James Financial reiterated a “hold” rating on shares of Duluth in a research report on Thursday, December 7th. BMO Capital Markets set a $18.00 target price on shares of Duluth and gave the company a “hold” rating in a research report on Thursday, December 7th. Finally, Stifel Nicolaus reduced their target price on shares of Duluth from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Duluth presently has an average rating of “Buy” and an average price target of $22.00.

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.

TRADEMARK VIOLATION WARNING: “Analysts Expect Duluth Holdings Inc (DLTH) Will Post Earnings of $0.56 Per Share” was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/07/analysts-expect-duluth-holdings-inc-dlth-will-post-earnings-of-0-56-per-share.html.

About Duluth

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.

Get a free copy of the Zacks research report on Duluth (DLTH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Duluth (NASDAQ:DLTH)

Receive News & Ratings for Duluth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply