Analysts Expect Duluth Holdings Inc (NASDAQ:DLTH) Will Post Quarterly Sales of $116.10 Million

Analysts expect Duluth Holdings Inc (NASDAQ:DLTHGet Rating) to report $116.10 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Duluth’s earnings, with the lowest sales estimate coming in at $115.80 million and the highest estimate coming in at $116.40 million. Duluth posted sales of $133.42 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 13%. The firm is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Duluth will report full year sales of $739.90 million for the current fiscal year, with estimates ranging from $736.40 million to $743.40 million. For the next year, analysts expect that the business will post sales of $807.80 million, with estimates ranging from $796.30 million to $819.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Duluth.

Duluth (NASDAQ:DLTHGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The company had revenue of $270.76 million for the quarter, compared to the consensus estimate of $280.90 million. Duluth had a net margin of 4.25% and a return on equity of 14.45%. During the same quarter last year, the firm posted $0.67 earnings per share.

A number of equities analysts recently issued reports on DLTH shares. Robert W. Baird dropped their price objective on shares of Duluth from $28.00 to $20.00 in a report on Friday, March 11th. StockNews.com assumed coverage on shares of Duluth in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research cut shares of Duluth from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 2nd.

Shares of DLTH traded up $0.49 on Wednesday, reaching $11.78. The company’s stock had a trading volume of 123,655 shares, compared to its average volume of 81,048. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.92 and a quick ratio of 0.86. The stock has a market capitalization of $349.75 million, a P/E ratio of 12.95 and a beta of 0.79. The stock’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $14.07. Duluth has a 12-month low of $10.88 and a 12-month high of $20.78.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Credit Suisse AG raised its position in shares of Duluth by 5.9% during the third quarter. Credit Suisse AG now owns 13,289 shares of the company’s stock valued at $180,000 after buying an additional 746 shares during the last quarter. Ironwood Investment Management LLC raised its position in shares of Duluth by 1.8% during the fourth quarter. Ironwood Investment Management LLC now owns 44,044 shares of the company’s stock valued at $669,000 after buying an additional 766 shares during the last quarter. State Street Corp raised its position in shares of Duluth by 0.3% during the fourth quarter. State Street Corp now owns 242,823 shares of the company’s stock valued at $3,686,000 after buying an additional 777 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Duluth by 3.3% during the fourth quarter. California State Teachers Retirement System now owns 24,635 shares of the company’s stock valued at $374,000 after buying an additional 795 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Duluth by 7.3% during the third quarter. Morgan Stanley now owns 14,128 shares of the company’s stock valued at $193,000 after buying an additional 957 shares during the last quarter. Institutional investors own 29.03% of the company’s stock.

Duluth Company Profile (Get Rating)

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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