Duluth (NASDAQ:DLTH) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Duluth (NASDAQ:DLTH) posted its quarterly earnings results on Monday. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.19, FiscalAI reports. Duluth had a negative net margin of 2.90% and a negative return on equity of 5.95%. The business had revenue of $98.59 million during the quarter, compared to analysts’ expectations of $93.69 million.

Duluth Price Performance

Duluth stock opened at $3.32 on Monday. The stock has a market cap of $122.05 million, a P/E ratio of -6.92 and a beta of 1.45. The company has a fifty day simple moving average of $3.31 and a 200-day simple moving average of $2.78. Duluth has a 12-month low of $1.82 and a 12-month high of $4.66. The company has a current ratio of 1.59, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31.

Institutional Investors Weigh In On Duluth

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its stake in Duluth by 32.2% in the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after purchasing an additional 14,136 shares during the period. Blair William & Co. IL increased its stake in Duluth by 17.2% in the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after purchasing an additional 16,678 shares during the period. Empowered Funds LLC increased its stake in Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after purchasing an additional 8,597 shares during the period. Goldman Sachs Group Inc. increased its stake in Duluth by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after purchasing an additional 29,521 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Duluth in the third quarter valued at $85,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Duluth to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5.00.

About Duluth

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.