Duluth (NASDAQ:DLTH) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Duluth (NASDAQ:DLTH) released its earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04), Briefing.com reports. The company had revenue of $121.96 million for the quarter, compared to analysts’ expectations of $127.33 million. Duluth had a net margin of 2.82% and a return on equity of 10.97%. Duluth’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. Duluth updated its FY20 guidance to $0.60-0.66 EPS.

NASDAQ:DLTH traded down $1.72 on Thursday, reaching $9.30. 28,177 shares of the company’s stock traded hands, compared to its average volume of 392,080. The company has a quick ratio of 0.35, a current ratio of 2.01 and a debt-to-equity ratio of 1.30. The stock has a 50-day simple moving average of $10.50 and a 200-day simple moving average of $15.74. The firm has a market cap of $298.30 million, a PE ratio of 12.70, a P/E/G ratio of 0.58 and a beta of 0.30. Duluth has a 12 month low of $8.36 and a 12 month high of $33.15.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Duluth from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. DA Davidson lifted their target price on Duluth to $15.00 and gave the company a “neutral” rating in a research report on Friday, June 14th. Stifel Nicolaus lowered their target price on Duluth from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. ValuEngine downgraded Duluth from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. Finally, BidaskClub upgraded Duluth from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Duluth has an average rating of “Hold” and a consensus price target of $16.73.

A number of large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Duluth by 4,431.6% in the first quarter. BNP Paribas Arbitrage SA now owns 1,722 shares of the company’s stock worth $41,000 after purchasing an additional 1,684 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Duluth in the first quarter worth about $48,000. Point72 Hong Kong Ltd bought a new stake in shares of Duluth in the second quarter worth about $34,000. Advisor Group Inc. increased its holdings in shares of Duluth by 63.9% in the second quarter. Advisor Group Inc. now owns 2,569 shares of the company’s stock worth $35,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Duluth in the second quarter worth about $81,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

About Duluth

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.

Further Reading: Short Selling Stocks and Day Traders

Earnings History 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