Duluth (DLTH) Releases FY18 Earnings Guidance

Duluth (NASDAQ:DLTH) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.66-0.71 for the period, compared to the Thomson Reuters consensus estimate of $0.69. The company issued revenue guidance of 455-465, compared to the consensus revenue estimate of $465.75 million.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets lowered shares of Duluth from an outperform rating to a market perform rating in a research note on Wednesday, November 1st. Raymond James Financial lowered shares of Duluth from an outperform rating to a market perform rating in a research note on Wednesday, August 23rd. DA Davidson reissued a buy rating and set a $25.00 target price on shares of Duluth in a research note on Wednesday, September 6th. FBR & Co reissued a buy rating and set a $26.00 target price on shares of Duluth in a research note on Wednesday, September 6th. Finally, Robert W. Baird reissued a buy rating on shares of Duluth in a research note on Friday, September 8th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Duluth currently has a consensus rating of Hold and an average price target of $24.63.

Duluth (NASDAQ:DLTH) opened at $16.16 on Friday. The firm has a market cap of $465.70, a price-to-earnings ratio of 29.64, a PEG ratio of 1.15 and a beta of 0.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.30 and a current ratio of 2.54. Duluth has a twelve month low of $15.70 and a twelve month high of $30.11.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $83.70 million for the quarter, compared to the consensus estimate of $84.01 million. Duluth had a net margin of 4.16% and a return on equity of 15.34%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 EPS. sell-side analysts forecast that Duluth will post 0.7 earnings per share for the current fiscal year.

In other news, SVP Allen L. Dittrich sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $19.65, for a total transaction of $294,750.00. Following the transaction, the senior vice president now owns 226,221 shares in the company, valued at approximately $4,445,242.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.88, for a total transaction of $536,192.00. Following the transaction, the director now owns 2,032 shares in the company, valued at approximately $38,364.16. The disclosure for this sale can be found here. Insiders have sold a total of 117,200 shares of company stock worth $2,282,090 in the last 90 days. 70.38% of the stock is owned by insiders.

An institutional investor recently raised its position in Duluth stock. State Street Corp increased its position in Duluth Holdings Inc (NASDAQ:DLTH) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,454 shares of the company’s stock after acquiring an additional 13,420 shares during the quarter. State Street Corp owned about 0.51% of Duluth worth $3,013,000 at the end of the most recent quarter. 37.48% of the stock is currently owned by institutional investors.

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Duluth Company Profile

Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.

Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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