Duluth Holdings Inc (NASDAQ:DLTH) Expected to Post Earnings of -$0.19 Per Share

Equities analysts forecast that Duluth Holdings Inc (NASDAQ:DLTHGet Rating) will report earnings per share (EPS) of ($0.19) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Duluth’s earnings. The highest EPS estimate is ($0.16) and the lowest is ($0.21). Duluth posted earnings of $0.02 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1,050%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Duluth will report full-year earnings of $1.00 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $1.24 per share, with EPS estimates ranging from $1.17 to $1.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Duluth.

Duluth (NASDAQ:DLTHGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $270.76 million during the quarter, compared to analysts’ expectations of $280.90 million. Duluth had a net margin of 4.25% and a return on equity of 14.45%. During the same quarter last year, the company posted $0.67 earnings per share.

DLTH has been the subject of a number of research reports. Robert W. Baird cut their target price on shares of Duluth from $28.00 to $20.00 in a research note on Friday, March 11th. StockNews.com initiated coverage on shares of Duluth in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research cut shares of Duluth from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 2nd.

A number of hedge funds have recently added to or reduced their stakes in DLTH. Marshall Wace LLP bought a new position in Duluth in the 1st quarter valued at about $366,000. Morgan Stanley increased its holdings in Duluth by 126.6% in the 2nd quarter. Morgan Stanley now owns 13,171 shares of the company’s stock valued at $273,000 after buying an additional 7,359 shares during the period. Wells Fargo & Company MN increased its holdings in Duluth by 62.1% in the 2nd quarter. Wells Fargo & Company MN now owns 82,568 shares of the company’s stock valued at $1,705,000 after buying an additional 31,636 shares during the period. WINTON GROUP Ltd increased its holdings in Duluth by 39.1% in the 3rd quarter. WINTON GROUP Ltd now owns 15,984 shares of the company’s stock valued at $218,000 after buying an additional 4,492 shares during the period. Finally, Summit Global Investments bought a new position in Duluth in the 3rd quarter valued at about $499,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

DLTH stock traded down $0.19 during trading hours on Monday, reaching $12.17. The stock had a trading volume of 73,972 shares, compared to its average volume of 109,600. The stock has a 50-day simple moving average of $13.24 and a 200 day simple moving average of $14.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.92 and a quick ratio of 0.86. The stock has a market capitalization of $361.30 million, a PE ratio of 13.37 and a beta of 0.85. Duluth has a fifty-two week low of $11.81 and a fifty-two week high of $20.78.

Duluth Company Profile (Get Rating)

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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