Equities Analysts Set Expectations for Duluth Holdings Inc.’s Q3 2018 Earnings (DLTH)

Duluth Holdings Inc. (NASDAQ:DLTH) – Analysts at William Blair boosted their Q3 2018 EPS estimates for shares of Duluth Holdings in a research report issued on Wednesday. William Blair analyst D. Carden now forecasts that the company will earn $0.03 per share for the quarter, up from their prior estimate of $0.01. William Blair also issued estimates for Duluth Holdings’ Q4 2018 earnings at $0.53 EPS.

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

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Duluth Holdings (NASDAQ DLTH) opened at 19.30 on Friday. The firm’s 50-day moving average is $19.52 and its 200-day moving average is $19.72. The company has a market cap of $626.36 million, a PE 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 posted its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $82.51 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business’s revenue was up 31.0% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. purchased a new stake in Duluth Holdings during the second quarter worth approximately $360,000. State Street Corp lifted its stake in Duluth Holdings by 8.8% during the second quarter. State Street Corp now owns 165,454 shares of the company’s stock worth $3,013,000 after purchasing an additional 13,420 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Duluth Holdings by 616.7% during the second quarter. Dimensional Fund Advisors LP now owns 127,430 shares of the company’s stock worth $2,321,000 after purchasing an additional 109,649 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in Duluth Holdings during the second quarter worth approximately $556,000. Finally, Cooper Creek Partners Management LLC lifted its stake in Duluth Holdings by 351.0% during the second quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after purchasing an additional 418,965 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

In related news, Director E David Coolidge III acquired 15,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $17.25 per share, with a total value of $258,750.00. Following the completion of the transaction, the director now owns 5,365 shares in the company, valued at approximately $92,546.25. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $19.85, for a total value 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 ninety days, insiders sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is currently owned by corporate insiders.

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.

Earnings History and Estimates for Duluth Holdings (NASDAQ:DLTH)




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