Wall Street analysts expect that Duluth Holdings Inc (NASDAQ:DLTH) will report sales of $141.73 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Duluth’s earnings. The highest sales estimate is $145.00 million and the lowest is $139.50 million. Duluth reported sales of $137.38 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The company is scheduled to report its next earnings results on Thursday, September 2nd.
On average, analysts expect that Duluth will report full-year sales of $703.03 million for the current year, with estimates ranging from $692.40 million to $708.50 million. For the next year, analysts anticipate that the company will post sales of $754.10 million, with estimates ranging from $753.40 million to $754.60 million. Zacks’ sales averages are an average based on a survey of research firms that cover Duluth.
Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Wednesday, June 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.22. The firm had revenue of $133.42 million for the quarter, compared to the consensus estimate of $125.87 million. Duluth had a net margin of 4.42% and a return on equity of 16.27%.
In other Duluth news, Director Stephen L. Schlecht sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, June 25th. The shares were sold at an average price of $17.98, for a total transaction of $145,638.00. Following the completion of the transaction, the director now owns 8,131,575 shares in the company, valued at approximately $146,205,718.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 37.86% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in DLTH. Marshall Wace LLP acquired a new stake in Duluth in the 1st quarter valued at about $366,000. BlackRock Inc. boosted its position in shares of Duluth by 8.3% in the fourth quarter. BlackRock Inc. now owns 822,338 shares of the company’s stock worth $8,685,000 after acquiring an additional 63,297 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Duluth by 45.6% in the fourth quarter. Bank of New York Mellon Corp now owns 69,999 shares of the company’s stock worth $740,000 after acquiring an additional 21,930 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Duluth by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 25,708 shares of the company’s stock worth $271,000 after acquiring an additional 6,091 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Duluth by 16.4% in the fourth quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $182,000 after buying an additional 2,426 shares during the period. Institutional investors and hedge funds own 27.27% of the company’s stock.
Shares of NASDAQ DLTH traded down $0.33 during midday trading on Friday, reaching $18.02. The company had a trading volume of 3,630 shares, compared to its average volume of 280,926. The company’s 50-day moving average is $17.32. The company has a market cap of $534.47 million, a PE ratio of 20.07 and a beta of 0.82. Duluth has a 1 year low of $7.07 and a 1 year high of $20.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 1.67.
Duluth Company Profile
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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