$210.00 Million in Sales Expected for Duluth Holdings Inc (DLTH) This Quarter

Analysts predict that Duluth Holdings Inc (NASDAQ:DLTH) will post $210.00 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Duluth’s earnings, with estimates ranging from $206.10 million to $212.58 million. Duluth posted sales of $174.65 million in the same quarter last year, which suggests a positive year over year growth rate of 20.2%. The firm is expected to report its next quarterly earnings report on Tuesday, March 20th.

On average, analysts expect that Duluth will report full year sales of $210.00 million for the current financial year, with estimates ranging from $459.70 million to $466.22 million. For the next financial year, analysts anticipate that the business will report sales of $571.68 million per share, with estimates ranging from $562.80 million to $577.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Duluth.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). Duluth had a return on equity of 15.23% and a net margin of 4.16%. The business had revenue of $83.70 million during the quarter, compared to analyst estimates of $84.01 million. During the same period last year, the company earned $0.01 EPS. The business’s revenue for the quarter was up 24.9% on a year-over-year basis.

Several research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Duluth in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Duluth from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Friday, February 2nd. BidaskClub lowered shares of Duluth from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Stifel Nicolaus reissued a “hold” rating on shares of Duluth in a research report on Wednesday, January 31st. Finally, TheStreet lowered shares of Duluth from a “c” rating to a “d+” rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Duluth presently has an average rating of “Buy” and a consensus target price of $22.00.

In other news, SVP Allen L. Dittrich sold 15,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 211,221 shares of the company’s stock, valued at $3,983,628.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William E. Ferry sold 28,400 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $18.88, for a total transaction of $536,192.00. Following the sale, the director now directly owns 2,032 shares in the company, valued at $38,364.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,600 shares of company stock valued at $1,169,360. Company insiders own 70.38% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Creek Advisors LLC grew its stake in shares of Duluth by 1.9% during the third quarter. Summit Creek Advisors LLC now owns 542,557 shares of the company’s stock valued at $11,008,000 after purchasing an additional 9,905 shares during the last quarter. Disciplined Growth Investors Inc. MN bought a new stake in shares of Duluth during the third quarter valued at approximately $6,275,000. Vanguard Group Inc. grew its stake in shares of Duluth by 10.2% during the second quarter. Vanguard Group Inc. now owns 440,837 shares of the company’s stock valued at $8,028,000 after purchasing an additional 40,707 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Duluth during the third quarter valued at approximately $6,696,000. Finally, Oak Ridge Investments LLC bought a new stake in shares of Duluth during the third quarter valued at approximately $3,548,000. 37.87% of the stock is currently owned by institutional investors and hedge funds.

Duluth (NASDAQ DLTH) opened at $16.94 on Friday. Duluth has a 52-week low of $15.13 and a 52-week high of $23.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 0.27. The stock has a market cap of $561.74 and a PE ratio of 30.80.

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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.

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Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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