Duluth (NASDAQ:DLTH) Issues FY 2022 Earnings Guidance

Duluth (NASDAQ:DLTHGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $0.61-$0.71 for the period, compared to the consensus earnings per share estimate of $0.82. The company issued revenue guidance of $680.00 million-$705.00 million, compared to the consensus revenue estimate of $729.30 million.

Analyst Ratings Changes

Several brokerages have issued reports on DLTH. Robert W. Baird dropped their target price on shares of Duluth from $11.00 to $9.00 and set a neutral rating for the company in a research report on Friday, September 2nd. Stifel Nicolaus dropped their target price on shares of Duluth from $17.00 to $14.00 in a research report on Wednesday, July 20th. Finally, StockNews.com lowered shares of Duluth from a strong-buy rating to a hold rating in a research report on Saturday, June 11th.

Duluth Stock Performance

Shares of Duluth stock opened at $6.89 on Friday. The stock has a market cap of $206.77 million, a price-to-earnings ratio of 10.60 and a beta of 0.87. The firm’s 50-day moving average is $8.99 and its 200 day moving average is $10.75. Duluth has a 1 year low of $6.80 and a 1 year high of $17.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.02 and a quick ratio of 0.38.

Duluth (NASDAQ:DLTHGet Rating) last posted its earnings results on Thursday, September 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). Duluth had a net margin of 3.12% and a return on equity of 11.05%. During the same quarter in the prior year, the firm posted $0.27 EPS. Sell-side analysts anticipate that Duluth will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Duluth

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in shares of Duluth by 44.8% during the 1st quarter. Acadian Asset Management LLC now owns 51,089 shares of the company’s stock valued at $623,000 after purchasing an additional 15,812 shares during the last quarter. Swiss National Bank increased its position in shares of Duluth by 5.6% during the 1st quarter. Swiss National Bank now owns 49,200 shares of the company’s stock valued at $602,000 after purchasing an additional 2,600 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Duluth by 179.4% during the 1st quarter. Panagora Asset Management Inc. now owns 35,700 shares of the company’s stock valued at $437,000 after purchasing an additional 22,922 shares during the last quarter. Invesco Ltd. increased its position in shares of Duluth by 12.3% during the 1st quarter. Invesco Ltd. now owns 25,455 shares of the company’s stock valued at $311,000 after purchasing an additional 2,779 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Duluth during the 1st quarter valued at about $215,000. Hedge funds and other institutional investors own 30.28% of the company’s stock.

Duluth Company Profile

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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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Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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