Equities analysts forecast that Duluth Holdings Inc (NASDAQ:DLTH) will report sales of $114.08 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Duluth’s earnings. The lowest sales estimate is $111.10 million and the highest is $116.20 million. Duluth reported sales of $100.21 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The company is scheduled to announce its next earnings report before the market opens on Thursday, June 13th.
On average, analysts expect that Duluth will report full-year sales of $650.05 million for the current year, with estimates ranging from $648.33 million to $652.90 million. For the next year, analysts forecast that the company will report sales of $734.07 million, with estimates ranging from $723.16 million to $756.60 million. Zacks’ sales averages are an average based on a survey of analysts that follow Duluth.
Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.11). The company had revenue of $250.54 million for the quarter, compared to analyst estimates of $258.16 million. Duluth had a return on equity of 15.90% and a net margin of 4.10%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Duluth from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. BidaskClub upgraded shares of Duluth from a “sell” rating to a “hold” rating in a research report on Monday. William Blair downgraded shares of Duluth from an “outperform” rating to a “market perform” rating and set a $18.90 price target on the stock. in a research report on Friday, April 5th. Robert W. Baird upgraded shares of Duluth from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Tuesday, May 7th. Finally, DA Davidson dropped their price objective on Duluth from $24.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.38.
Shares of NASDAQ DLTH opened at $15.07 on Thursday. The stock has a market cap of $441.39 million, a P/E ratio of 20.93, a P/E/G ratio of 0.80 and a beta of 0.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 2.25. Duluth has a 12-month low of $14.59 and a 12-month high of $35.67.
In other Duluth news, COO Allen L. Dittrich sold 6,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $14.94, for a total transaction of $89,640.00. Following the completion of the sale, the chief operating officer now directly owns 173,712 shares of the company’s stock, valued at approximately $2,595,257.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.72% of the company’s stock.
Large investors have recently made changes to their positions in the business. Redmond Asset Management LLC raised its holdings in Duluth by 3.1% during the 1st quarter. Redmond Asset Management LLC now owns 23,760 shares of the company’s stock worth $566,000 after purchasing an additional 706 shares during the last quarter. Northern Trust Corp raised its holdings in Duluth by 2.8% during the 4th quarter. Northern Trust Corp now owns 139,053 shares of the company’s stock worth $3,508,000 after purchasing an additional 3,744 shares during the last quarter. Barclays PLC raised its holdings in Duluth by 8.9% during the 4th quarter. Barclays PLC now owns 20,663 shares of the company’s stock worth $521,000 after purchasing an additional 1,688 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Duluth during the 4th quarter worth about $1,892,000. Finally, Vanguard Group Inc. increased its stake in shares of Duluth by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 483,916 shares of the company’s stock valued at $15,224,000 after acquiring an additional 18,858 shares during the last quarter. 42.22% of the stock is owned by hedge funds and other institutional investors.
Duluth Company Profile
Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.
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