Duluth Holdings Inc (NASDAQ:DLTH) Expected to Announce Earnings of $0.12 Per Share

Wall Street analysts expect that Duluth Holdings Inc (NASDAQ:DLTH) will post $0.12 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Duluth’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.17. Duluth posted earnings per share of $0.20 in the same quarter last year, which would indicate a negative year over year growth rate of 40%. The business is expected to issue its next earnings report on Wednesday, September 4th.

On average, analysts expect that Duluth will report full year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.77. For the next fiscal year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.74 to $0.91. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Duluth.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.01). Duluth had a return on equity of 10.97% and a net margin of 2.82%. The business had revenue of $114.24 million during the quarter, compared to the consensus estimate of $114.08 million. During the same quarter last year, the company earned ($0.02) EPS. Duluth’s revenue for the quarter was up 14.0% on a year-over-year basis.

A number of brokerages recently issued reports on DLTH. Robert W. Baird upgraded Duluth from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Tuesday, May 7th. Zacks Investment Research downgraded Duluth from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. DA Davidson lifted their target price on Duluth to $15.00 and gave the stock a “neutral” rating in a research report on Friday, June 14th. William Blair downgraded Duluth from an “outperform” rating to a “market perform” rating and set a $18.90 target price for the company. in a research report on Friday, April 5th. Finally, BidaskClub downgraded Duluth from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.58.

In other news, COO Allen L. Dittrich sold 6,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $14.94, for a total transaction of $89,640.00. Following the transaction, the chief operating officer now owns 173,712 shares in the company, valued at $2,595,257.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 40.72% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Duluth by 1.2% in the fourth quarter. BlackRock Inc. now owns 626,487 shares of the company’s stock valued at $15,805,000 after acquiring an additional 7,386 shares during the period. Oak Ridge Investments LLC lifted its holdings in Duluth by 37.8% in the first quarter. Oak Ridge Investments LLC now owns 506,659 shares of the company’s stock valued at $12,079,000 after acquiring an additional 139,110 shares during the period. William Blair Investment Management LLC acquired a new position in Duluth in the first quarter valued at approximately $8,370,000. Wasatch Advisors Inc. lifted its holdings in Duluth by 107.8% in the first quarter. Wasatch Advisors Inc. now owns 251,489 shares of the company’s stock valued at $5,995,000 after acquiring an additional 130,467 shares during the period. Finally, Northern Trust Corp lifted its holdings in Duluth by 2.8% in the fourth quarter. Northern Trust Corp now owns 139,053 shares of the company’s stock valued at $3,508,000 after acquiring an additional 3,744 shares during the period. Hedge funds and other institutional investors own 40.60% of the company’s stock.

Shares of DLTH opened at $12.15 on Friday. The company has a market capitalization of $368.18 million, a P/E ratio of 24.59, a PEG ratio of 0.70 and a beta of 0.19. The stock has a fifty day moving average of $13.44. Duluth has a 52-week low of $11.78 and a 52-week high of $35.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.35 and a current ratio of 2.01.

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 and Estimates for Duluth (NASDAQ:DLTH)

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