Duluth Holdings Inc (DLTH) Expected to Post Quarterly Sales of $258.47 Million

Analysts predict that Duluth Holdings Inc (NASDAQ:DLTH) will report sales of $258.47 million for the current quarter, according to Zacks. Five analysts have made estimates for Duluth’s earnings, with the highest sales estimate coming in at $262.54 million and the lowest estimate coming in at $254.50 million. Duluth reported sales of $217.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.7%. The company is scheduled to issue its next earnings report on Tuesday, March 19th.

On average, analysts expect that Duluth will report full year sales of $575.03 million for the current fiscal year, with estimates ranging from $572.10 million to $578.50 million. For the next financial year, analysts anticipate that the company will post sales of $675.04 million, with estimates ranging from $664.00 million to $684.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Duluth.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, December 6th. The company reported ($0.10) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.10). The company had revenue of $106.70 million during the quarter, compared to analyst estimates of $104.68 million. Duluth had a net margin of 4.12% and a return on equity of 14.24%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) EPS.

A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of Duluth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 8th. ValuEngine lowered shares of Duluth from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Zacks Investment Research lowered shares of Duluth from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Finally, TheStreet raised shares of Duluth from a “c+” rating to a “b” rating in a research note on Monday, November 19th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.75.

In related news, major shareholder Thomas Wenstrand sold 7,000 shares of the stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of $28.35, for a total transaction of $198,450.00. Following the completion of the sale, the insider now directly owns 30,380 shares of the company’s stock, valued at $861,273. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Allen L. Dittrich sold 5,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $31.58, for a total transaction of $157,900.00. Following the sale, the chief operating officer now directly owns 177,186 shares of the company’s stock, valued at $5,595,533.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,000 shares of company stock valued at $710,430. Company insiders own 74.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc raised its holdings in shares of Duluth by 4.1% during the third quarter. Vanguard Group Inc now owns 483,916 shares of the company’s stock valued at $15,224,000 after acquiring an additional 18,858 shares during the period. Vanguard Group Inc. raised its holdings in shares of Duluth by 4.1% during the third quarter. Vanguard Group Inc. now owns 483,916 shares of the company’s stock valued at $15,224,000 after acquiring an additional 18,858 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of Duluth by 2,933.9% during the third quarter. Rehmann Capital Advisory Group now owns 34,071 shares of the company’s stock valued at $1,083,000 after acquiring an additional 32,948 shares during the period. BlueMountain Capital Management LLC acquired a new stake in shares of Duluth during the third quarter valued at approximately $372,000. Finally, Jane Street Group LLC raised its holdings in shares of Duluth by 76.2% during the third quarter. Jane Street Group LLC now owns 15,184 shares of the company’s stock valued at $478,000 after acquiring an additional 6,567 shares during the period. Institutional investors and hedge funds own 39.75% of the company’s stock.

Shares of NASDAQ:DLTH traded up $1.05 during trading on Friday, reaching $24.08. The company had a trading volume of 160,000 shares, compared to its average volume of 239,800. The firm has a market cap of $731.54 million, a P/E ratio of 35.94, a P/E/G ratio of 1.20 and a beta of 0.74. Duluth has a twelve month low of $15.95 and a twelve month high of $35.67. The company has a current ratio of 2.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.78.

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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