Duluth Holdings Inc (NASDAQ:DLTH) – William Blair issued their FY2018 earnings per share estimates for Duluth Holdings in a note issued to investors on Wednesday, according to Zacks Investment Research. William Blair analyst D. Carden anticipates that the company will post earnings per share of $0.70 for the year.
Duluth Holdings (NASDAQ:DLTH) last posted its earnings results on Tuesday, March 21st. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. The firm had revenue of $174.70 million for the quarter, compared to the consensus estimate of $163.74 million. Duluth Holdings had a return on equity of 19.54% and a net margin of 5.46%. The business’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. COPYRIGHT VIOLATION NOTICE: “Brokers Set Expectations for Duluth Holdings Inc’s FY2018 Earnings (DLTH)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/04/21/william-blair-comments-on-duluth-holdings-incs-fy2018-earnings-dlth-updated-updated.html.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Duluth Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. TheStreet cut shares of Duluth Holdings from a “c-” rating to a “d+” rating in a research note on Thursday, February 16th. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price target on shares of Duluth Holdings in a research note on Wednesday, March 15th. Stifel Nicolaus decreased their target price on shares of Duluth Holdings from $33.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, March 16th. Finally, Robert W. Baird upgraded shares of Duluth Holdings from a “neutral” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Friday, February 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $30.01.
Duluth Holdings (NASDAQ:DLTH) traded up 1.81% during midday trading on Friday, hitting $20.83. The company’s stock had a trading volume of 260,846 shares. Duluth Holdings has a 12 month low of $18.25 and a 12 month high of $38.19. The company’s 50 day moving average price is $20.30 and its 200 day moving average price is $25.15. The firm has a market cap of $675.75 million, a P/E ratio of 31.56 and a beta of 0.47.
In other news, Director Charles Roger Lewis sold 8,333 shares of the company’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $21.38, for a total transaction of $178,159.54. Following the sale, the director now directly owns 32,380 shares in the company, valued at approximately $692,284.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Ferry sold 20,000 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $22.55, for a total transaction of $451,000.00. Following the sale, the director now owns 3,333 shares in the company, valued at $75,159.15. The disclosure for this sale can be found here. Insiders have sold a total of 33,333 shares of company stock worth $736,710 over the last 90 days. Corporate insiders own 70.71% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Allianz Asset Management AG increased its position in shares of Duluth Holdings by 294.5% in the fourth quarter. Allianz Asset Management AG now owns 356,394 shares of the company’s stock valued at $9,052,000 after buying an additional 266,058 shares during the last quarter. Nicholas Co. Inc. WI increased its position in shares of Duluth Holdings by 0.4% in the fourth quarter. Nicholas Co. Inc. WI now owns 112,400 shares of the company’s stock valued at $2,854,000 after buying an additional 490 shares during the last quarter. Cortina Asset Management LLC increased its position in shares of Duluth Holdings by 2.2% in the fourth quarter. Cortina Asset Management LLC now owns 261,616 shares of the company’s stock valued at $6,645,000 after buying an additional 5,562 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Duluth Holdings during the fourth quarter valued at approximately $365,000. Finally, State Street Corp increased its position in shares of Duluth Holdings by 8.4% in the fourth quarter. State Street Corp now owns 151,618 shares of the company’s stock valued at $3,855,000 after buying an additional 11,689 shares during the last quarter. Institutional investors own 30.09% of the company’s stock.
Duluth Holdings 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Duluth Holdings Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Duluth Holdings Inc and related companies.