Duluth (NASDAQ:DLTH) Issues FY 2024 Earnings Guidance

Duluth (NASDAQ:DLTHGet Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of -0.220–0.220 for the period, compared to the consensus EPS estimate of -0.200. The company issued revenue guidance of $640.0 million-$640.0 million, compared to the consensus revenue estimate of $644.9 million.

Duluth Trading Down 0.3 %

DLTH opened at $3.95 on Friday. Duluth has a 1-year low of $3.66 and a 1-year high of $7.88. The stock’s 50 day simple moving average is $4.46 and its 200 day simple moving average is $4.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.77.

Duluth (NASDAQ:DLTHGet Free Report) last posted its earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $245.61 million during the quarter, compared to analyst estimates of $241.80 million. Duluth had a negative net margin of 2.09% and a negative return on equity of 6.08%. During the same period last year, the company posted $0.23 EPS. On average, sell-side analysts anticipate that Duluth will post -0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird cut their target price on shares of Duluth from $5.00 to $4.50 and set a neutral rating for the company in a research report on Friday.

View Our Latest Report on Duluth

Insider Activity at Duluth

In other Duluth news, SVP Neala Shepherd sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $4.70, for a total transaction of $47,000.00. Following the completion of the transaction, the senior vice president now owns 122,587 shares of the company’s stock, valued at $576,158.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 35.32% of the stock is owned by corporate insiders.

Duluth Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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