Equities Analysts Offer Predictions for Duluth Holdings Inc.’s FY2019 Earnings (DLTH)

Duluth Holdings Inc. (NASDAQ:DLTH) – Investment analysts at William Blair boosted their FY2019 earnings per share estimates for shares of Duluth Holdings in a report released on Wednesday. William Blair analyst D. Carden now expects that the company will post earnings per share of $0.83 for the year, up from their prior estimate of $0.80.

A number of other brokerages have also weighed in on DLTH. BMO Capital Markets set a $30.00 target price on shares of Duluth Holdings and gave the company a “buy” rating in a research note on Tuesday, June 6th. Stifel Nicolaus cut their target price on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, June 7th. Raymond James Financial, Inc. lowered shares of Duluth Holdings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 23rd. FBR & Co reaffirmed a “buy” rating and set a $26.00 target price on shares of Duluth Holdings in a research note on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Duluth Holdings in a research note on Wednesday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $26.38.

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Shares of Duluth Holdings (DLTH) opened at 19.30 on Thursday. The company’s 50-day moving average price is $19.52 and its 200 day moving average price is $19.72. The firm has a market cap of $626.36 million, a P/E ratio of 33.86 and a beta of 0.19. Duluth Holdings has a 52 week low of $16.01 and a 52 week high of $38.19.

Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The business had revenue of $86.20 million for the quarter, compared to the consensus estimate of $82.51 million. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The firm’s revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of DLTH. Teachers Advisors LLC lifted its position in Duluth Holdings by 5.9% during the 4th quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after acquiring an additional 980 shares during the period. Russell Investments Group Ltd. lifted its position in Duluth Holdings by 63.0% during the 1st quarter. Russell Investments Group Ltd. now owns 157,968 shares of the company’s stock valued at $3,363,000 after acquiring an additional 61,053 shares during the period. Wells Fargo & Company MN lifted its position in Duluth Holdings by 33.5% during the 1st quarter. Wells Fargo & Company MN now owns 13,738 shares of the company’s stock valued at $292,000 after acquiring an additional 3,450 shares during the period. Bank of New York Mellon Corp lifted its position in Duluth Holdings by 108.4% during the 1st quarter. Bank of New York Mellon Corp now owns 179,802 shares of the company’s stock valued at $3,828,000 after acquiring an additional 93,512 shares during the period. Finally, TD Asset Management Inc. lifted its position in Duluth Holdings by 10.4% during the 1st quarter. TD Asset Management Inc. now owns 84,700 shares of the company’s stock valued at $1,803,000 after acquiring an additional 8,000 shares during the period. 33.54% of the stock is owned by institutional investors.

In other Duluth Holdings news, Director E David Coolidge III purchased 15,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average cost of $17.25 per share, with a total value of $258,750.00. Following the transaction, the director now directly owns 5,365 shares in the company, valued at approximately $92,546.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Ferry sold 28,400 shares of Duluth Holdings stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.85, for a total transaction of $563,740.00. Following the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at $40,335.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is currently owned by corporate insiders.

About Duluth Holdings

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 and Estimates for Duluth Holdings (NASDAQ:DLTH)

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