Duluth (NASDAQ:DLTH) Releases Earnings Results, Misses Expectations By $0.04 EPS

Duluth (NASDAQ:DLTH) announced its quarterly earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04), Briefing.com reports. The firm had revenue of $121.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Duluth had a net margin of 2.82% and a return on equity of 10.97%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Duluth updated its FY20 guidance to $0.60-0.66 EPS.

NASDAQ:DLTH traded down $1.72 during trading hours on Thursday, reaching $9.30. The company’s stock had a trading volume of 28,177 shares, compared to its average volume of 392,080. The company has a market capitalization of $298.30 million, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 0.58 and a beta of 0.30. Duluth has a 12 month low of $8.36 and a 12 month high of $33.15. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.35 and a current ratio of 2.01. The stock has a 50 day moving average price of $10.50 and a two-hundred day moving average price of $15.74.

A number of large investors have recently modified their holdings of the stock. Atria Investments LLC bought a new position in Duluth in the second quarter worth approximately $1,874,000. Magnetar Financial LLC acquired a new position in shares of Duluth during the second quarter worth $171,000. Voloridge Investment Management LLC increased its position in shares of Duluth by 135.3% during the second quarter. Voloridge Investment Management LLC now owns 24,845 shares of the company’s stock worth $338,000 after purchasing an additional 14,285 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Duluth by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,083,879 shares of the company’s stock worth $14,730,000 after purchasing an additional 5,957 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Duluth during the second quarter worth $34,000. 39.31% of the stock is owned by institutional investors.



A number of analysts recently issued reports on DLTH shares. ValuEngine lowered Duluth from a “hold” rating to a “sell” rating in a report on Friday, June 14th. BidaskClub raised shares of Duluth from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Duluth from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Stifel Nicolaus reduced their price objective on shares of Duluth from $16.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. Finally, DA Davidson boosted their price objective on shares of Duluth to $15.00 and gave the stock a “neutral” rating in a research note on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Duluth has a consensus rating of “Hold” and a consensus target price of $16.73.

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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Earnings History for Duluth (NASDAQ:DLTH)

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