Brokerages forecast that Duluth Holdings Inc (NASDAQ:DLTH) will report earnings of $0.23 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Duluth’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.30. Duluth reported earnings of $0.20 per share in the same quarter last year, which indicates a positive year over year growth rate of 15%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, September 4th.

On average, analysts expect that Duluth will report full-year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.77. For the next year, analysts forecast that the business will report earnings of $0.87 per share, with EPS estimates ranging from $0.74 to $0.91. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Duluth.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, June 13th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.01). Duluth had a return on equity of 11.00% and a net margin of 2.82%. The company had revenue of $114.24 million for the quarter, compared to analyst estimates of $114.08 million. During the same period last year, the company earned ($0.02) earnings per share. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Duluth from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. BidaskClub cut shares of Duluth from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. DA Davidson cut shares of Duluth from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $24.00 in a research note on Wednesday, March 6th. William Blair cut shares of Duluth from an “outperform” rating to a “market perform” rating and set a $18.90 price objective on the stock. in a research note on Friday, April 5th. Finally, ValuEngine cut shares of Duluth from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Duluth currently has an average rating of “Hold” and a consensus price target of $24.58.

NASDAQ:DLTH opened at $13.37 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 2.25. Duluth has a fifty-two week low of $13.32 and a fifty-two week high of $35.67. The firm has a market cap of $391.59 million, a PE ratio of 26.22, a P/E/G ratio of 0.70 and a beta of 0.33.

In related news, COO Allen L. Dittrich sold 6,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $14.94, for a total value of $89,640.00. Following the sale, the chief operating officer now directly owns 173,712 shares of the company’s stock, valued at approximately $2,595,257.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 40.72% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of DLTH. BNP Paribas Arbitrage SA grew its stake in Duluth by 4,431.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,722 shares of the company’s stock valued at $41,000 after acquiring an additional 1,684 shares during the last quarter. Legal & General Group Plc grew its stake in Duluth by 37.9% in the 4th quarter. Legal & General Group Plc now owns 1,801 shares of the company’s stock valued at $45,000 after acquiring an additional 495 shares during the last quarter. Advisor Group Inc. grew its stake in Duluth by 219.9% in the 4th quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock valued at $46,000 after acquiring an additional 1,249 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Duluth in the 1st quarter valued at about $48,000. Finally, Great West Life Assurance Co. Can grew its stake in Duluth by 298.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 3,185 shares of the company’s stock valued at $78,000 after acquiring an additional 2,385 shares during the last quarter. 42.22% of the stock is currently owned by hedge funds and other institutional investors.

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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