$280.90 million in sales expected for Duluth Holdings Inc (NASDAQ:DLTH) this quarter
Brokers expect Duluth Holdings Inc (NASDAQ:DLTH – Get Rating) to report sales of $280.90 million for the current fiscal quarter, reports Zacks Investment Research. Two analysts have released earnings estimates for Duluth, with estimates ranging from $275.00 million to $286.80 million. Duluth posted sales of $255.96 million in the same quarter last year, which would indicate a positive growth rate of 9.7% year over year. The company is expected to announce its next quarterly results before the market opens on Thursday, March 10.
On average, analysts expect Duluth to report annual revenue of $708.75 million for the current fiscal year, with estimates ranging from $702.90 to $714.60 million. For the next fiscal year, analysts expect the company to post sales of $772.80 million, with estimates ranging from $770.40 million to $775.20 million. Zacks sales averages are an average average based on a survey of sell-side research companies that provide coverage for Duluth.
Several research companies have recently commented on DLTH. Zacks Investment Research downgraded Duluth shares from a “strong buy” rating to a “hold” rating in a Wednesday, Feb. 2 report. Robert W. Baird raised his price target on Duluth shares from $22.00 to $28.00 and gave the stock an “outperform” rating in a Friday, Dec. 3 research note. Finally, StockNews.com upgraded Duluth shares from a “buy” rating to a “strong buy” rating in a research note on Wednesday.
A number of institutional investors and hedge funds have recently bought and sold shares of DLTH. Counterpoint Mutual Funds LLC bought a new position in Duluth in Q4 worth around $26,000. Denali Advisors LLC acquired a new stake in Duluth in the fourth quarter valued at $32,000. BNP Paribas Arbitrage SA increased its stake in Duluth shares by 360.3% during the third quarter. BNP Paribas Arbitrage SA now owns 2,426 shares of the company valued at $33,000 after purchasing an additional 1,899 shares during the period. Citigroup Inc. increased its holdings of Duluth stock by 318.1% during the third quarter. Citigroup Inc. now owns 4,210 shares of the company valued at $57,000 after purchasing an additional 3,203 shares during the period. Finally, Barclays PLC increased its stake in Duluth by 261.7% during the third quarter. Barclays PLC now owns 5,559 shares in the company valued at $76,000 after buying an additional 4,022 shares last quarter. 29.07% of the shares are held by hedge funds and other institutional investors.
Duluth stock opened at $12.90 on Thursday. Duluth has a 1-year low of $12.38 and a 1-year high of $20.78. The company has a debt ratio of 0.33, a current ratio of 1.77 and a quick ratio of 0.36. The stock has a market capitalization of $383.10 million, a price-earnings ratio of 12.29 and a beta of 0.87. The company has a 50-day moving average of $14.42 and a two-hundred-day moving average of $14.81.
Duluth Company Profile (Get a rating)
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, tank tops, outerwear, footwear, accessories and hard goods. The Company offers its products under various brand names, 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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