Wall Street analysts expect that Duluth Holdings Inc (NASDAQ:DLTH) will report sales of $104.68 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Duluth’s earnings, with the highest sales estimate coming in at $108.40 million and the lowest estimate coming in at $101.80 million. Duluth reported sales of $83.73 million in the same quarter last year, which suggests a positive year over year growth rate of 25%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, December 6th.
According to Zacks, analysts expect that Duluth will report full year sales of $575.68 million for the current year, with estimates ranging from $572.30 million to $581.80 million. For the next financial year, analysts expect that the business will post sales of $671.92 million, with estimates ranging from $661.30 million to $688.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Duluth.
Duluth (NASDAQ:DLTH) last posted its earnings results on Wednesday, September 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The firm had revenue of $110.65 million for the quarter, compared to analysts’ expectations of $106.56 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year.
DLTH has been the topic of several research analyst reports. ValuEngine cut Duluth from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Robert W. Baird reissued a “buy” rating and set a $30.00 target price on shares of Duluth in a research note on Thursday, August 9th. BidaskClub raised Duluth from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. DA Davidson boosted their target price on Duluth to $38.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, Stifel Nicolaus boosted their target price on Duluth from $26.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, September 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.
Shares of DLTH traded up $1.53 during mid-day trading on Monday, hitting $28.60. 270,843 shares of the company’s stock traded hands, compared to its average volume of 219,856. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73. Duluth has a 1 year low of $15.13 and a 1 year high of $35.67. The stock has a market capitalization of $791.10 million, a PE ratio of 42.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.17.
In related news, COO Allen L. Dittrich sold 5,000 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $30.72, for a total value of $153,600.00. Following the sale, the chief operating officer now directly owns 182,186 shares of the company’s stock, valued at $5,596,753.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Allen L. Dittrich sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $28.97, for a total value of $115,880.00. Following the completion of the sale, the senior vice president now directly owns 192,186 shares in the company, valued at $5,567,628.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,830 shares of company stock worth $1,726,349. 74.90% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers purchased a new stake in Duluth in the third quarter worth $229,000. Oppenheimer & Co. Inc. purchased a new stake in Duluth in the third quarter worth $263,000. Jane Street Group LLC purchased a new stake in Duluth in the second quarter worth $205,000. BlueMountain Capital Management LLC purchased a new stake in Duluth in the third quarter worth $372,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Duluth by 39.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock worth $309,000 after purchasing an additional 3,692 shares during the period. 41.34% of the stock is currently owned by 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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