Brokerages predict that Duluth Holdings Inc (NASDAQ:DLTH) will report $127.59 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Duluth’s earnings, with estimates ranging from $125.00 million to $128.60 million. Duluth posted sales of $110.65 million in the same quarter last year, which suggests a positive year over year growth rate of 15.3%. The business is scheduled to report its next earnings results on Wednesday, September 4th.
According to Zacks, analysts expect that Duluth will report full-year sales of $648.76 million for the current fiscal year, with estimates ranging from $644.20 million to $653.62 million. For the next fiscal year, analysts expect that the business will report sales of $728.12 million, with estimates ranging from $719.80 million to $743.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Duluth.
Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, June 13th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ 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 analyst estimates of $114.08 million. During the same period in the previous year, the business earned ($0.02) EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year.
In other Duluth news, COO Allen L. Dittrich sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 173,712 shares in the company, valued at approximately $2,595,257.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. 40.72% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of DLTH. Saturna Capital CORP raised its stake in shares of Duluth by 120.3% in the 2nd quarter. Saturna Capital CORP now owns 26,000 shares of the company’s stock valued at $353,000 after buying an additional 14,200 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Duluth by 63.9% in the 2nd quarter. Advisor Group Inc. now owns 2,569 shares of the company’s stock valued at $35,000 after purchasing an additional 1,002 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Duluth by 12.0% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 19,804 shares of the company’s stock valued at $273,000 after purchasing an additional 2,127 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Duluth in the 1st quarter valued at about $366,000. Finally, William Blair Investment Management LLC bought a new position in shares of Duluth in the 1st quarter valued at about $8,370,000. Institutional investors and hedge funds own 40.60% of the company’s stock.
NASDAQ DLTH opened at $12.15 on Monday. The company’s 50-day moving average is $13.44. The stock has a market cap of $368.18 million, a price-to-earnings ratio of 24.59, a P/E/G ratio of 0.70 and a beta of 0.19. Duluth has a fifty-two week low of $11.78 and a fifty-two week high of $35.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.01 and a quick ratio of 0.35.
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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