Duluth (DLTH) Releases Quarterly Earnings Results, Hits Estimates

Duluth (NASDAQ:DLTH) posted its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10), MarketWatch Earnings reports. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The firm had revenue of $106.70 million during the quarter, compared to analysts’ expectations of $104.68 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s revenue was up 27.5% on a year-over-year basis. Duluth updated its FY19 guidance to $0.79-0.84 EPS.

Duluth stock traded down $0.73 during mid-day trading on Thursday, reaching $30.31. 13,440 shares of the stock traded hands, compared to its average volume of 185,662. The stock has a market cap of $907.12 million, a PE ratio of 45.87, a price-to-earnings-growth ratio of 1.85 and a beta of 0.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73. Duluth has a 12-month low of $15.13 and a 12-month high of $35.67.

In related news, insider Stephanie L. Pugliese sold 25,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $32.51, for a total transaction of $812,750.00. Following the completion of the sale, the insider now owns 770,032 shares in the company, valued at $25,033,740.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Allen L. Dittrich sold 5,000 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $31.58, for a total value of $157,900.00. Following the sale, the chief operating officer now owns 177,186 shares of the company’s stock, valued at approximately $5,595,533.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,830 shares of company stock valued at $1,768,369. 70.38% of the stock is owned by company insiders.



Several research firms have recently weighed in on DLTH. BidaskClub upgraded Duluth from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 1st. TheStreet upgraded Duluth from a “c+” rating to a “b” rating in a research note on Monday, November 19th. Zacks Investment Research cut Duluth from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Stifel Nicolaus boosted their price target on Duluth from $26.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, September 6th. Finally, DA Davidson boosted their price target on Duluth to $38.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Duluth presently has an average rating of “Buy” and an average target price of $29.00.

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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.

See Also: Asset Allocation

Earnings History for Duluth (NASDAQ:DLTH)

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