Analysts forecast that Duluth Holdings Inc (NASDAQ:DLTH) will announce earnings per share of ($0.10) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Duluth’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.13). Duluth posted earnings of ($0.03) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 233.3%. The firm is expected to report its next quarterly earnings report on Thursday, December 6th.

On average, analysts expect that Duluth will report full year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.86. For the next fiscal year, analysts anticipate that the company will post earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Duluth.

Duluth (NASDAQ:DLTH) last released its earnings results on Wednesday, September 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. Duluth had a net margin of 4.76% and a return on equity of 16.57%. The firm had revenue of $110.65 million for the quarter, compared to the consensus estimate of $106.56 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Duluth from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 10th. Stifel Nicolaus boosted their price target on shares of Duluth from $26.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th. ValuEngine cut shares of Duluth from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. DA Davidson boosted their price target on shares of Duluth to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Robert W. Baird cut shares of Duluth from an “outperform” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research report on Thursday, August 23rd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.00.

In related news, SVP Allen L. Dittrich sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $28.97, for a total value of $115,880.00. Following the sale, the senior vice president now owns 192,186 shares in the company, valued at $5,567,628.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie L. Pugliese sold 25,000 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $32.51, for a total transaction of $812,750.00. Following the completion of the sale, the insider now owns 770,032 shares in the company, valued at approximately $25,033,740.32. The disclosure for this sale can be found here. Insiders sold 54,830 shares of company stock worth $1,664,589 in the last 90 days. 70.38% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Duluth during the second quarter valued at $205,000. Oppenheimer & Co. Inc. bought a new position in Duluth during the third quarter valued at $263,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Duluth by 39.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock valued at $309,000 after acquiring an additional 3,692 shares during the last quarter. Perkins Capital Management Inc. bought a new position in Duluth during the second quarter valued at $321,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Duluth during the first quarter valued at $453,000. Institutional investors own 43.38% of the company’s stock.

Shares of DLTH stock traded up $0.71 during mid-day trading on Tuesday, hitting $29.17. The company had a trading volume of 142,783 shares, compared to its average volume of 163,741. Duluth has a 52-week low of $15.13 and a 52-week high of $35.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73. The company has a market capitalization of $852.46 million, a PE ratio of 43.54, a price-to-earnings-growth ratio of 1.74 and a beta of 0.01.

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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