Duluth Holdings Inc (NASDAQ:DLTH) Expected to Announce Quarterly Sales of $121.73 Million

Equities research analysts expect Duluth Holdings Inc (NASDAQ:DLTH) to post $121.73 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Duluth’s earnings, with the highest sales estimate coming in at $122.20 million and the lowest estimate coming in at $121.30 million. Duluth reported sales of $121.96 million during the same quarter last year, which indicates a negative year over year growth rate of 0.2%. The company is scheduled to report its next earnings results on Thursday, September 10th.

On average, analysts expect that Duluth will report full-year sales of $608.27 million for the current year, with estimates ranging from $599.60 million to $612.90 million. For the next financial year, analysts forecast that the business will report sales of $652.97 million, with estimates ranging from $644.10 million to $658.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Duluth.

Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, June 4th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.01. The company had revenue of $109.92 million for the quarter, compared to the consensus estimate of $90.27 million. Duluth had a return on equity of 8.06% and a net margin of 1.86%.

Several brokerages have recently issued reports on DLTH. Zacks Investment Research raised Duluth from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Monday, May 25th. ValuEngine raised Duluth from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Stifel Nicolaus upped their price objective on Duluth from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.25.

DLTH stock traded down $0.06 on Tuesday, hitting $7.39. 126,221 shares of the company’s stock were exchanged, compared to its average volume of 274,236. The firm has a 50 day moving average price of $7.34 and a two-hundred day moving average price of $6.29. Duluth has a 12-month low of $2.82 and a 12-month high of $12.72. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.27 and a current ratio of 2.39. The stock has a market cap of $217.58 million, a P/E ratio of 21.11 and a beta of 1.10.

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Duluth during the 1st quarter worth approximately $445,000. Trexquant Investment LP acquired a new position in shares of Duluth in the first quarter valued at approximately $252,000. Squarepoint Ops LLC increased its stake in shares of Duluth by 344.6% in the first quarter. Squarepoint Ops LLC now owns 62,424 shares of the company’s stock valued at $250,000 after buying an additional 48,385 shares during the period. Hodges Capital Management Inc. increased its stake in shares of Duluth by 8.0% in the first quarter. Hodges Capital Management Inc. now owns 629,546 shares of the company’s stock valued at $2,524,000 after buying an additional 46,616 shares during the period. Finally, IndexIQ Advisors LLC acquired a new stake in Duluth during the 1st quarter valued at approximately $182,000. 33.62% of the stock is owned by institutional investors.

Duluth Company Profile

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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