Duluth (NASDAQ:DLTH) Releases FY 2021 Earnings Guidance

Duluth (NASDAQ:DLTH) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.660-0.720 for the period, compared to the Thomson Reuters consensus estimate of $0.690. The company issued revenue guidance of $695 million-710 million, compared to the consensus revenue estimate of $694.63 million.

DLTH traded down $0.39 during trading on Thursday, reaching $17.33. The company’s stock had a trading volume of 65,705 shares, compared to its average volume of 221,463. The company has a current ratio of 1.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $16.23. Duluth has a 1 year low of $6.06 and a 1 year high of $18.46. The company has a market capitalization of $513.99 million, a P/E ratio of 19.26 and a beta of 0.80.

Duluth (NASDAQ:DLTH) last released its earnings results on Wednesday, June 2nd. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.22. Duluth had a net margin of 4.42% and a return on equity of 16.27%. On average, equities analysts expect that Duluth will post 0.7 earnings per share for the current fiscal year.

DLTH has been the topic of a number of research reports. Robert W. Baird reissued a buy rating and issued a $22.00 target price on shares of Duluth in a research note on Sunday, March 21st. Zacks Investment Research raised shares of Duluth from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Monday.

In other news, Director Brenda I. Morris sold 2,087 shares of Duluth stock in a transaction that occurred on Thursday, April 8th. The shares were sold at an average price of $16.50, for a total transaction of $34,435.50. Following the sale, the director now owns 23,446 shares of the company’s stock, valued at approximately $386,859. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 37.86% of the stock is currently owned by insiders.

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 and Estimates for Duluth (NASDAQ:DLTH)

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