Duluth (NASDAQ:DLTH) Releases Earnings Results, Misses Expectations By $0.02 EPS

Duluth (NASDAQ:DLTH) released its quarterly earnings results on Thursday. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02), Zacks reports. Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. Duluth updated its FY 2025 guidance to EPS.

Duluth Trading Up 8.2%

Shares of DLTH opened at $2.24 on Thursday. Duluth has a 52-week low of $1.58 and a 52-week high of $4.50. The stock has a market cap of $73.09 million, a PE ratio of -2.26 and a beta of 1.32. The firm’s fifty day moving average is $1.85 and its two-hundred day moving average is $2.59. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

Several research firms have commented on DLTH. Robert W. Baird cut their price objective on Duluth from $3.50 to $2.75 and set a “neutral” rating for the company in a research note on Friday, March 14th. Wall Street Zen started coverage on Duluth in a research report on Tuesday, May 20th. They issued a “hold” rating on the stock.

Insider Activity

In other Duluth news, Director Brett Lee Paschke acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of $1.81 per share, with a total value of $90,500.00. Following the purchase, the director now owns 93,801 shares in the company, valued at approximately $169,779.81. The trade was a 114.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.94% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Duluth stock. Goldman Sachs Group Inc. increased its position in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 50.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,615 shares of the company’s stock after purchasing an additional 29,521 shares during the period. Goldman Sachs Group Inc. owned 0.27% of Duluth worth $152,000 at the end of the most recent quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

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.