Wall Street brokerages expect that Duluth Holdings Inc (NASDAQ:DLTH) will post sales of $210.43 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Duluth’s earnings, with the highest sales estimate coming in at $214.73 million and the lowest estimate coming in at $206.10 million. Duluth reported sales of $174.65 million during the same quarter last year, which indicates a positive year over year growth rate of 20.5%. The business is expected to issue its next quarterly earnings results on Tuesday, March 20th.

According to Zacks, analysts expect that Duluth will report full year sales of $210.43 million for the current year, with estimates ranging from $459.70 million to $470.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $571.81 million per share, with estimates ranging from $562.70 million to $579.24 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Duluth.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, December 7th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). Duluth had a return on equity of 15.23% and a net margin of 4.16%. The company had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $84.01 million. During the same quarter last year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 24.9% on a year-over-year basis.

DLTH has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating and issued a $26.00 price objective on shares of Duluth in a report on Friday, November 10th. BMO Capital Markets lowered shares of Duluth from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. DA Davidson set a $25.00 price objective on shares of Duluth and gave the stock a “buy” rating in a report on Monday, November 27th. Zacks Investment Research lowered shares of Duluth from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Finally, Raymond James Financial restated a “hold” rating on shares of Duluth in a report on Thursday, December 7th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.43.

Shares of Duluth (NASDAQ DLTH) opened at $18.13 on Friday. The company has a quick ratio of 0.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.59. Duluth has a 1-year low of $15.13 and a 1-year high of $26.88. The company has a market cap of $585.93 and a PE ratio of 32.96.

In other Duluth news, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $18.88, for a total transaction of $536,192.00. Following the completion of the transaction, the director now owns 2,032 shares of the company’s stock, valued at $38,364.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Allen L. Dittrich sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $18.86, for a total transaction of $282,900.00. Following the transaction, the senior vice president now directly owns 211,221 shares of the company’s stock, valued at approximately $3,983,628.06. The disclosure for this sale can be found here. Insiders have sold 86,800 shares of company stock valued at $1,672,470 in the last ninety days. Insiders own 70.38% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DLTH. JPMorgan Chase & Co. bought a new position in shares of Duluth during the third quarter valued at approximately $158,000. Rhumbline Advisers increased its stake in shares of Duluth by 9.2% during the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after purchasing an additional 885 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Duluth during the second quarter valued at approximately $242,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Duluth during the second quarter valued at approximately $360,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of Duluth by 5.7% during the second quarter. TIAA CREF Investment Management LLC now owns 26,115 shares of the company’s stock valued at $476,000 after acquiring an additional 1,397 shares in the last quarter. 37.37% of the stock is owned by institutional investors and hedge funds.

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Duluth Company Profile

Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.

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Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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