Duluth (NASDAQ:DLTH) Announces Earnings Results, Beats Expectations By $0.51 EPS

Duluth (NASDAQ:DLTH) issued its quarterly earnings results on Thursday. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.51, FiscalAI reports. Duluth had a negative return on equity of 3.69% and a negative net margin of 2.00%.The business had revenue of $121.39 million for the quarter, compared to analyst estimates of $119.91 million.

Duluth Price Performance

Shares of NASDAQ DLTH opened at $3.62 on Thursday. The stock has a fifty day simple moving average of $4.10 and a two-hundred day simple moving average of $3.50. Duluth has a 1-year low of $2.02 and a 1-year high of $5.09. The firm has a market cap of $137.56 million, a price-to-earnings ratio of -11.31 and a beta of 1.38. The company has a current ratio of 1.62, a quick ratio of 0.30 and a debt-to-equity ratio of 0.32.

Institutional Trading of Duluth

Hedge funds have recently made changes to their positions in the company. Blair William & Co. IL grew its stake in shares of Duluth by 17.2% during the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after acquiring an additional 16,678 shares during the period. Empowered Funds LLC raised its stake in Duluth by 9.3% in the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after acquiring an additional 8,597 shares during the period. Goldman Sachs Group Inc. raised its stake in Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after acquiring an additional 29,521 shares during the period. Barclays PLC lifted its holdings in Duluth by 32.2% during the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after purchasing an additional 14,136 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Duluth during the fourth quarter valued at about $52,000. 24.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DLTH shares. Zacks Research lowered Duluth from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Finally, Wall Street Zen upgraded shares of Duluth to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Duluth has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Duluth Company Profile

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.