Duluth (DLTH) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Duluth (NASDAQ:DLTH) announced its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ 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 firm 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 earned $0.01 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. Duluth updated its FY18 guidance to 0.66-0.71 EPS.

Duluth (DLTH) traded up $0.55 during trading hours on Thursday, reaching $19.28. The company had a trading volume of 584,800 shares, compared to its average volume of 268,643. The firm has a market capitalization of $544.94, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 1.35 and a beta of 0.03. Duluth has a 52-week low of $16.01 and a 52-week high of $37.49. The company has a quick ratio of 0.30, a current ratio of 2.54 and a debt-to-equity ratio of 0.17.

In related news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $18.88, for a total transaction of $536,192.00. Following the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at $38,364.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Ferry sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total value of $38,780.00. Following the transaction, the director now directly owns 2,032 shares in the company, valued at $39,400.48. The disclosure for this sale can be found here. Insiders have sold 117,200 shares of company stock worth $2,282,090 over the last three months. 70.38% of the stock is owned by insiders.

A hedge fund recently raised its stake in Duluth stock. State Street Corp grew its position in Duluth Holdings Inc (NASDAQ:DLTH) by 8.8% during the 2nd quarter, according to the company in its most recent 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. 37.48% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the company. DA Davidson set a $25.00 target price on Duluth and gave the company a “buy” rating in a report on Monday, November 27th. Robert W. Baird reaffirmed a “buy” rating and set a $26.00 target price on shares of Duluth in a report on Friday, November 10th. B. Riley reaffirmed a “buy” rating on shares of Duluth in a report on Wednesday, November 1st. Zacks Investment Research downgraded Duluth from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, BMO Capital Markets downgraded Duluth from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.51.

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About Duluth

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.

Earnings History for Duluth (NASDAQ:DLTH)

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