Duluth (DLTH) Announces Earnings Results

Duluth (NASDAQ:DLTH) announced its quarterly earnings results on Thursday. The company reported ($0.10) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.10), MarketWatch Earnings reports. The business had revenue of $106.70 million for the quarter, compared to analysts’ expectations of $104.68 million. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. Duluth updated its FY19 guidance to $0.79-0.84 EPS.

Shares of DLTH stock traded down $0.73 during trading hours on Thursday, reaching $30.31. The company’s stock had a trading volume of 13,440 shares, compared to its average volume of 185,662. 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 one year low of $15.13 and a one year high of $35.67. The firm has a market cap of $907.12 million, a P/E ratio of 45.87, a P/E/G ratio of 1.85 and a beta of 0.17.

In related news, major shareholder Thomas Wenstrand sold 7,000 shares of Duluth stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $28.35, for a total transaction of $198,450.00. Following the sale, the insider now directly owns 30,380 shares in the company, valued at $861,273. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie L. Pugliese sold 2,830 shares of Duluth stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $31.18, for a total value of $88,239.40. Following the sale, the insider now owns 768,282 shares in the company, valued at $23,955,032.76. The disclosure for this sale can be found here. Insiders have sold 56,830 shares of company stock worth $1,768,369 over the last 90 days. 70.38% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on DLTH shares. BidaskClub upgraded Duluth from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded Duluth from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, September 6th. DA Davidson lifted their price objective on Duluth to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price objective on shares of Duluth in a research report on Thursday, August 9th. Finally, TheStreet upgraded Duluth from a “c+” rating to a “b” rating in a research report on Monday, November 19th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.00.

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About Duluth

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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Earnings History for Duluth (NASDAQ:DLTH)

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