$82.84 Million in Sales Expected for Duluth Holdings Inc. (DLTH) This Quarter

Equities analysts expect Duluth Holdings Inc. (NASDAQ:DLTH) to post $82.84 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Duluth Holdings’ earnings. The lowest sales estimate is $82.21 million and the highest is $83.60 million. Duluth Holdings reported sales of $65.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 25.9%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Duluth Holdings will report full-year sales of $82.84 million for the current financial year, with estimates ranging from $458.50 million to $466.00 million. For the next year, analysts forecast that the company will post sales of $560.40 million per share, with estimates ranging from $548.10 million to $584.51 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Duluth Holdings.

Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings data on Tuesday, June 6th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.04. The company had revenue of $83.70 million during the quarter, compared to analyst estimates of $82.94 million. Duluth Holdings had a return on equity of 17.31% and a net margin of 4.71%. Duluth Holdings’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share.

Several equities analysts recently issued reports on DLTH shares. Stifel Nicolaus reduced their price target on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 7th. BMO Capital Markets set a $30.00 price target on Duluth Holdings and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Zacks Investment Research lowered Duluth Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Wunderlich restated a “buy” rating and set a $36.00 price target on shares of Duluth Holdings in a research report on Friday, June 9th. Finally, Robert W. Baird reduced their price target on Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Duluth Holdings currently has a consensus rating of “Buy” and a consensus price target of $27.63.

Duluth Holdings (NASDAQ:DLTH) traded up 0.62% during trading on Friday, hitting $19.56. The company had a trading volume of 57,021 shares. The stock has a market capitalization of $634.80 million, a price-to-earnings ratio of 34.32 and a beta of 0.16. Duluth Holdings has a 1-year low of $16.01 and a 1-year high of $38.19. The company’s 50 day moving average price is $18.01 and its 200-day moving average price is $20.64.

In other Duluth Holdings news, Director E David Coolidge III acquired 15,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of $17.25 per share, for a total transaction of $258,750.00. Following the acquisition, the director now owns 5,365 shares in the company, valued at approximately $92,546.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William E. Ferry sold 12,000 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $21.77, for a total value of $261,240.00. Following the completion of the sale, the director now owns 3,333 shares of the company’s stock, valued at approximately $72,559.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock valued at $709,800. Company insiders own 70.38% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DLTH. State Street Corp boosted its stake in Duluth Holdings by 8.4% in the fourth quarter. State Street Corp now owns 151,618 shares of the company’s stock valued at $3,855,000 after buying an additional 11,689 shares during the period. Teachers Advisors LLC boosted its stake in Duluth Holdings by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after buying an additional 980 shares during the period. Gradient Investments LLC acquired a new stake in Duluth Holdings during the first quarter valued at $323,000. Campbell Newman Asset Management Inc. boosted its stake in Duluth Holdings by 13.6% in the first quarter. Campbell Newman Asset Management Inc. now owns 10,298 shares of the company’s stock valued at $219,000 after buying an additional 1,236 shares during the period. Finally, Skylands Capital LLC boosted its stake in Duluth Holdings by 140.0% in the first quarter. Skylands Capital LLC now owns 60,000 shares of the company’s stock valued at $1,277,000 after buying an additional 35,000 shares during the period. Institutional investors and hedge funds own 32.51% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was reported by Stock Observer and is owned by of Stock Observer. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thestockobserver.com/2017/08/12/82-84-million-in-sales-expected-for-duluth-holdings-inc-dlth-this-quarter-updated-updated.html.

About Duluth Holdings

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.

Get a free copy of the Zacks research report on Duluth Holdings (DLTH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Duluth Holdings (NASDAQ:DLTH)

Receive News & Ratings for Duluth Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply