Duluth Holdings Inc. (DLTH) Expected to Announce Quarterly Sales of $82.84 Million
Brokerages expect Duluth Holdings Inc. (NASDAQ:DLTH) to announce sales of $82.84 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Duluth Holdings’ earnings, with the lowest sales estimate coming in at $82.21 million and the highest estimate coming in at $83.60 million. Duluth Holdings posted sales of $65.82 million in the same quarter last year, which would indicate a positive year over year growth rate of 25.9%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, 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 fiscal year, analysts expect that the business will report sales of $560.40 million per share, with estimates ranging from $548.10 million to $584.51 million. Zacks’ sales averages are an average based on a survey of research firms that cover Duluth Holdings.
Duluth Holdings (NASDAQ:DLTH) last released its earnings results on Tuesday, June 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.04. The firm had revenue of $83.70 million during the quarter, compared to analyst estimates of $82.94 million. Duluth Holdings had a net margin of 4.71% and a return on equity of 17.31%. The business’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.
A number of equities research analysts have recently issued reports on DLTH shares. Zacks Investment Research upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. FBR & Co reiterated an “outperform” rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Tuesday, July 11th. Wunderlich reiterated a “buy” rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Thursday, July 20th. Robert W. Baird lowered their target price on Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, June 9th. Finally, DA Davidson started coverage on Duluth Holdings in a research note on Friday, July 21st. They issued a “buy” rating and a $25.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.38.
Duluth Holdings (NASDAQ:DLTH) traded up 0.64% during trading on Friday, reaching $19.01. The company’s stock had a trading volume of 98,391 shares. The company has a market capitalization of $616.95 million, a P/E ratio of 33.35 and a beta of 0.19. 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 is $18.72 and its 200-day moving average is $20.14.
In other Duluth Holdings news, SVP Allen L. Dittrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $18.99, for a total transaction of $189,900.00. Following the completion of the sale, the senior vice president now owns 241,221 shares in the company, valued at approximately $4,580,786.79. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director E David Coolidge III acquired 15,000 shares of the stock in a transaction on Thursday, June 15th. The shares were acquired at an average price of $17.25 per share, with a total value of $258,750.00. Following the purchase, the director now owns 5,365 shares in the company, valued at $92,546.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 50,400 shares of company stock valued at $957,672. 70.38% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of DLTH. Franklin Resources Inc. raised its stake in shares of Duluth Holdings by 24.9% in the second quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock worth $14,497,000 after buying an additional 158,489 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Duluth Holdings by 13.5% in the second quarter. Thrivent Financial For Lutherans now owns 574,407 shares of the company’s stock worth $10,460,000 after buying an additional 68,400 shares during the period. Cooper Creek Partners Management LLC raised its stake in shares of Duluth Holdings by 351.0% in the second quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after buying an additional 418,965 shares during the period. Summit Creek Advisors LLC raised its stake in shares of Duluth Holdings by 154.4% in the second quarter. Summit Creek Advisors LLC now owns 532,652 shares of the company’s stock worth $9,700,000 after buying an additional 323,293 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Duluth Holdings by 183.8% in the second quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock worth $8,164,000 after buying an additional 290,392 shares during the period. Hedge funds and other institutional investors own 33.01% 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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