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.
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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