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.
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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.
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