Equities analysts expect Duluth Holdings Inc. (NASDAQ:DLTH) to report earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Duluth Holdings’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.13. Duluth Holdings posted earnings per share of $0.11 during the same quarter last year, which would suggest a negative year over year growth rate of 9.1%. The company is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Duluth Holdings will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.68 to $0.70. For the next year, analysts expect that the business will post earnings of $0.82 per share, with EPS estimates ranging from $0.78 to $0.88. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Duluth Holdings.
Duluth Holdings (NASDAQ:DLTH) last released its earnings results on Tuesday, June 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.04. The company had revenue of $83.70 million for the quarter, compared to analysts’ expectations of $82.94 million. Duluth Holdings had a return on equity of 17.31% and a net margin of 4.71%. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS.
A number of equities analysts have recently commented on the stock. Robert W. Baird cut their target price on shares of Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, June 9th. BMO Capital Markets set a $30.00 price objective on shares of Duluth Holdings and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday. DA Davidson began coverage on shares of Duluth Holdings in a research report on Friday, July 21st. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Stifel Nicolaus lowered their price objective on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.38.
Shares of Duluth Holdings (NASDAQ DLTH) opened at 19.09 on Thursday. Duluth Holdings has a 52-week low of $16.01 and a 52-week high of $38.19. The stock has a market cap of $619.55 million, a P/E ratio of 33.49 and a beta of 0.19. The firm’s 50-day moving average is $18.59 and its 200 day moving average is $20.18.
In other news, Director E David Coolidge III acquired 15,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average cost of $17.25 per share, for a total transaction of $258,750.00. Following the transaction, the director now directly owns 5,365 shares in the company, valued at approximately $92,546.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Allen L. Dittrich sold 10,000 shares of Duluth Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total transaction of $189,900.00. Following the completion of the transaction, the senior vice president now owns 241,221 shares in the company, valued at $4,580,786.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,400 shares of company stock worth $957,672. 70.38% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of DLTH. Bank of New York Mellon Corp raised its stake in shares of Duluth Holdings by 87.2% in the second quarter. Bank of New York Mellon Corp now owns 336,659 shares of the company’s stock valued at $6,130,000 after buying an additional 156,857 shares during the last quarter. Denver Investment Advisors LLC raised its stake in shares of Duluth Holdings by 109.1% in the second quarter. Denver Investment Advisors LLC now owns 54,870 shares of the company’s stock valued at $999,000 after buying an additional 28,625 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Duluth Holdings during the second quarter valued at approximately $280,000. Rhumbline Advisers raised its stake in shares of Duluth Holdings by 9.2% in the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after buying an additional 885 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Duluth Holdings by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 32,942 shares of the company’s stock valued at $600,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 33.01% of the company’s stock.
Duluth Holdings Company Profile
Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.
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