Duluth Holdings Inc (DLTH) Expected to Announce Quarterly Sales of $210.00 Million

Wall Street brokerages forecast that Duluth Holdings Inc (NASDAQ:DLTH) will announce $210.00 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Duluth’s earnings. The lowest sales estimate is $206.10 million and the highest is $212.58 million. Duluth reported sales of $174.65 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.2%. The company is expected to issue its next quarterly earnings report on Tuesday, March 20th.

According to Zacks, analysts expect that Duluth will report full-year sales of $210.00 million for the current fiscal year, with estimates ranging from $459.70 million to $466.22 million. For the next fiscal year, analysts expect that the business will post sales of $571.68 million per share, with estimates ranging from $562.80 million to $577.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Duluth.

Duluth (NASDAQ:DLTH) last issued its 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). Duluth had a return on equity of 15.23% and a net margin of 4.16%. The business had revenue of $83.70 million for the quarter, compared to the consensus estimate of $84.01 million. During the same quarter in the prior year, the business earned $0.01 EPS. Duluth’s revenue for the quarter was up 24.9% compared to the same quarter last year.

A number of equities analysts have recently commented on DLTH shares. Zacks Investment Research lowered shares of Duluth from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub upgraded shares of Duluth from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Raymond James Financial restated a “hold” rating on shares of Duluth in a research report on Thursday, December 7th. BMO Capital Markets set a $18.00 price objective on shares of Duluth and gave the company a “hold” rating in a research report on Thursday, December 7th. Finally, Stifel Nicolaus cut their price objective on shares of Duluth from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Duluth has a consensus rating of “Buy” and an average target price of $22.00.

Duluth (NASDAQ DLTH) opened at $16.94 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 0.27. Duluth has a 1 year low of $15.13 and a 1 year high of $23.76. The company has a market cap of $561.74 and a P/E ratio of 30.80.

In other Duluth news, Director William E. Ferry sold 28,400 shares of Duluth stock in a transaction that occurred 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 completion of the sale, the director now directly owns 2,032 shares in the company, valued at $38,364.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Allen L. Dittrich sold 15,000 shares of Duluth stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $18.86, for a total transaction of $282,900.00. Following the sale, the senior vice president now owns 211,221 shares of the company’s stock, valued at $3,983,628.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,600 shares of company stock valued at $1,169,360. 70.38% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Duluth during the third quarter valued at approximately $158,000. Rhumbline Advisers raised its stake in shares of Duluth by 9.2% during the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $192,000 after acquiring an additional 885 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Duluth during the second quarter worth approximately $242,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Duluth during the second quarter worth approximately $360,000. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Duluth by 5.7% during the second quarter. TIAA CREF Investment Management LLC now owns 26,115 shares of the company’s stock worth $476,000 after acquiring an additional 1,397 shares in the last quarter. Institutional investors and hedge funds own 37.87% of the company’s stock.

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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.

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Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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