Duluth (NASDAQ:DLTH) Announces Quarterly Earnings Results, Beats Expectations By $0.51 EPS

Duluth (NASDAQ:DLTH) posted its quarterly earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.51, FiscalAI reports. Duluth had a negative return on equity of 3.69% and a negative net margin of 2.00%.The business had revenue of $121.39 million for the quarter, compared to analyst estimates of $119.91 million.

Duluth Stock Performance

Shares of DLTH opened at $3.62 on Thursday. The company has a 50-day simple moving average of $4.10 and a two-hundred day simple moving average of $3.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 0.30. The firm has a market capitalization of $137.56 million, a PE ratio of -11.31 and a beta of 1.38. Duluth has a one year low of $2.02 and a one year high of $5.09.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DLTH. Weiss Ratings upgraded shares of Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Wall Street Zen raised shares of Duluth to a “hold” rating in a report on Saturday, May 23rd. Finally, Zacks Research cut shares of Duluth from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Empowered Funds LLC raised its stake in Duluth by 9.3% during the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after buying an additional 8,597 shares during the last quarter. Barclays PLC increased its holdings in shares of Duluth by 32.2% during the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after acquiring an additional 14,136 shares in the last quarter. Blair William & Co. IL raised its position in shares of Duluth by 17.2% in the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after purchasing an additional 16,678 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Duluth in the 3rd quarter worth about $85,000. Finally, Quadrature Capital Ltd bought a new position in Duluth in the 4th quarter worth about $52,000. 24.39% of the stock is currently owned by institutional investors.

Duluth Company Profile

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.