Duluth Holdings Inc (NASDAQ:DLTH) Expected to Post Quarterly Sales of $116.10 Million

Analysts forecast that Duluth Holdings Inc (NASDAQ:DLTHGet Rating) will announce $116.10 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Duluth’s earnings, with the lowest sales estimate coming in at $115.80 million and the highest estimate coming in at $116.40 million. Duluth reported sales of $133.42 million during the same quarter last year, which would suggest a negative year over year growth rate of 13%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Duluth will report full year sales of $739.90 million for the current fiscal year, with estimates ranging from $736.40 million to $743.40 million. For the next fiscal year, analysts forecast that the firm will report sales of $807.80 million, with estimates ranging from $796.30 million to $819.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Duluth.

Duluth (NASDAQ:DLTHGet Rating) last released 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. Duluth had a return on equity of 14.45% and a net margin of 4.25%. The firm had revenue of $270.76 million for the quarter, compared to analyst estimates of $280.90 million. During the same quarter in the previous year, the company posted $0.67 EPS.

Several research analysts have issued reports on the company. Robert W. Baird cut their price target on Duluth from $28.00 to $20.00 in a report on Friday, March 11th. StockNews.com began coverage on Duluth in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded Duluth from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 2nd.

A number of large investors have recently bought and sold shares of DLTH. Rice Hall James & Associates LLC boosted its stake in Duluth by 106.2% during the fourth quarter. Rice Hall James & Associates LLC now owns 292,472 shares of the company’s stock valued at $4,440,000 after buying an additional 150,627 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Duluth by 70.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 349,691 shares of the company’s stock valued at $4,766,000 after buying an additional 144,033 shares during the period. Dimensional Fund Advisors LP boosted its stake in Duluth by 74.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 147,111 shares of the company’s stock valued at $2,233,000 after buying an additional 62,824 shares during the period. Renaissance Technologies LLC bought a new stake in Duluth during the third quarter valued at $735,000. Finally, Hussman Strategic Advisors Inc. boosted its stake in Duluth by 50.0% during the first quarter. Hussman Strategic Advisors Inc. now owns 156,000 shares of the company’s stock valued at $1,908,000 after buying an additional 52,000 shares during the period. 29.03% of the stock is owned by institutional investors.

Shares of Duluth stock opened at $11.87 on Wednesday. Duluth has a one year low of $11.56 and a one year high of $20.78. 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’s 50-day moving average is $12.57 and its 200 day moving average is $14.14. The firm has a market cap of $352.40 million, a price-to-earnings ratio of 13.04 and a beta of 0.79.

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.

Further Reading

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Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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