Duluth (NASDAQ:DLTH) released its earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04), Briefing.com reports. The company had revenue of $121.96 million for the quarter, compared to analysts’ expectations of $127.33 million. Duluth had a net margin of 2.82% and a return on equity of 10.97%. Duluth’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. Duluth updated its FY20 guidance to $0.60-0.66 EPS.
NASDAQ:DLTH traded down $1.72 on Thursday, reaching $9.30. 28,177 shares of the company’s stock traded hands, compared to its average volume of 392,080. The company has a quick ratio of 0.35, a current ratio of 2.01 and a debt-to-equity ratio of 1.30. The stock has a 50-day simple moving average of $10.50 and a 200-day simple moving average of $15.74. The firm has a market cap of $298.30 million, a PE ratio of 12.70, a P/E/G ratio of 0.58 and a beta of 0.30. Duluth has a 12 month low of $8.36 and a 12 month high of $33.15.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Duluth from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. DA Davidson lifted their target price on Duluth to $15.00 and gave the company a “neutral” rating in a research report on Friday, June 14th. Stifel Nicolaus lowered their target price on Duluth from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. ValuEngine downgraded Duluth from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. Finally, BidaskClub upgraded Duluth from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Duluth has an average rating of “Hold” and a consensus price target of $16.73.
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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