Duluth (DLTH) Announces Earnings Results, Misses Estimates By $0.04 EPS
Duluth (NASDAQ:DLTH) announced its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04), Bloomberg Earnings reports. Duluth had a net margin of 4.64% and a return on equity of 17.05%. The company had revenue of $83.70 million during the quarter, compared to analyst estimates of $84.01 million. During the same quarter last year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. Duluth updated its FY18 guidance to 0.66-0.71 EPS.
Shares of Duluth (NASDAQ:DLTH) traded up $0.55 during trading on Thursday, hitting $19.28. 584,800 shares of the stock were exchanged, compared to its average volume of 268,643. Duluth has a 12 month low of $16.01 and a 12 month high of $37.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.30 and a current ratio of 2.54. The company has a market cap of $544.94, a P/E ratio of 32.29, a PEG ratio of 1.35 and a beta of 0.03.
In other news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $20.10, for a total transaction of $570,840.00. Following the completion of the sale, the director now owns 2,032 shares of the company’s stock, valued at approximately $40,843.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Allen L. Dittrich sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total transaction of $294,750.00. Following the sale, the senior vice president now directly owns 226,221 shares of the company’s stock, valued at approximately $4,445,242.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,200 shares of company stock valued at $2,282,090. 70.38% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Duluth stock. State Street Corp boosted its stake in Duluth Holdings Inc (NASDAQ:DLTH) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,454 shares of the company’s stock after purchasing an additional 13,420 shares during the period. State Street Corp owned about 0.51% of Duluth worth $3,013,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.48% of the company’s stock.
DLTH has been the subject of a number of recent research reports. BMO Capital Markets set a $30.00 price objective on shares of Duluth and gave the company a “buy” rating in a report on Sunday, September 10th. Robert W. Baird reissued a “buy” rating on shares of Duluth in a report on Friday, September 8th. Zacks Investment Research raised shares of Duluth from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday, September 7th. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Duluth in a report on Wednesday, September 6th. Finally, FBR & Co reissued a “buy” rating and issued a $26.00 price objective on shares of Duluth in a report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Duluth has a consensus rating of “Hold” and an average price target of $26.51.
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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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