Duluth (NASDAQ:DLTH) issued its earnings results on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06, Bloomberg Earnings reports. Duluth had a net margin of 4.76% and a return on equity of 16.98%. The business had revenue of $110.65 million during the quarter, compared to the consensus estimate of $106.56 million. During the same period last year, the business posted $0.13 EPS. Duluth’s revenue was up 28.3% on a year-over-year basis. Duluth updated its FY19 guidance to $0.79-0.84 EPS.
Shares of DLTH stock opened at $32.02 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.58 and a quick ratio of 0.17. The company has a market cap of $999.58 million, a price-to-earnings ratio of 48.87, a P/E/G ratio of 2.07 and a beta of 0.03. Duluth has a 12-month low of $15.13 and a 12-month high of $35.67.
In other Duluth news, SVP Allen L. Dittrich sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $22.96, for a total transaction of $91,840.00. Following the completion of the sale, the senior vice president now directly owns 196,186 shares in the company, valued at $4,504,430.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas George Folliard sold 2,032 shares of Duluth stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $20.42, for a total transaction of $41,493.44. Following the completion of the sale, the director now owns 52,344 shares of the company’s stock, valued at $1,068,864.48. The disclosure for this sale can be found here. Insiders have sold 10,032 shares of company stock valued at $249,213 over the last 90 days. Company insiders own 70.38% of the company’s stock.
Several brokerages recently issued reports on DLTH. DA Davidson raised their target price on shares of Duluth to $38.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus raised their target price on shares of Duluth from $26.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Duluth from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday. Robert W. Baird downgraded shares of Duluth from an “outperform” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research report on Thursday, August 23rd. Finally, BidaskClub upgraded shares of Duluth from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 15th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $29.00.
Duluth Company Profile
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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