Brokerages Anticipate Duluth Holdings Inc (DLTH) to Post -$0.10 EPS

Wall Street brokerages expect Duluth Holdings Inc (NASDAQ:DLTH) to announce earnings per share of ($0.10) for the current quarter, according to Zacks. Five analysts have made estimates for Duluth’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.13). Duluth reported earnings per share of ($0.03) during the same quarter last year, which would suggest a negative year over year growth rate of 233.3%. The business is expected to issue its next quarterly earnings results on Thursday, December 6th.

On average, analysts expect that Duluth will report full-year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.86. For the next year, analysts expect that the business will report earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.06. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Duluth.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Wednesday, September 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The company had revenue of $110.65 million for the quarter, compared to analysts’ expectations of $106.56 million. Duluth had a net margin of 4.76% and a return on equity of 16.57%. Duluth’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS.



Several equities analysts recently issued reports on the company. BidaskClub raised Duluth from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research raised Duluth from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, September 6th. DA Davidson upped their price target on Duluth to $38.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 price target on shares of Duluth in a report on Thursday, August 9th. Finally, William Blair upgraded shares of Duluth from a “market perform” rating to an “outperform” rating in a research note on Friday, June 29th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $29.00.

In other Duluth news, major shareholder Thomas Wenstrand sold 7,000 shares of the stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $28.35, for a total value of $198,450.00. Following the transaction, the insider now owns 30,380 shares of the company’s stock, valued at $861,273. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie L. Pugliese sold 2,830 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $31.18, for a total value of $88,239.40. Following the completion of the transaction, the insider now directly owns 768,282 shares in the company, valued at approximately $23,955,032.76. The disclosure for this sale can be found here. Insiders have sold a total of 47,830 shares of company stock worth $1,464,109 over the last three months. Insiders own 74.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in Duluth in the second quarter worth approximately $205,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Duluth by 39.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock worth $309,000 after acquiring an additional 3,692 shares during the period. Perkins Capital Management Inc. bought a new position in Duluth in the second quarter worth approximately $321,000. Dynamic Technology Lab Private Ltd bought a new position in Duluth in the first quarter worth approximately $453,000. Finally, Barclays PLC raised its position in Duluth by 1,452.0% in the first quarter. Barclays PLC now owns 24,971 shares of the company’s stock worth $467,000 after acquiring an additional 23,362 shares during the period. Hedge funds and other institutional investors own 43.38% of the company’s stock.

DLTH stock opened at $28.46 on Tuesday. The company has a market capitalization of $877.60 million, a P/E ratio of 42.48, a price-to-earnings-growth ratio of 1.79 and a beta of 0.01. Duluth has a 12-month low of $15.13 and a 12-month high of $35.67. The company has a current ratio of 2.73, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53.

About Duluth

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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