Posted by admin on Jun 2nd, 2022

Duluth (NASDAQ:DLTH – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $0.93-$1.02 for the period, compared to the consensus EPS estimate of $0.99. The company issued revenue guidance of $730.00 million-$755.00 million, compared to the consensus revenue estimate of $740.29 million.

Several research firms have recently issued reports on DLTH. Zacks Investment Research cut shares of Duluth from a strong-buy rating to a hold rating in a research report on Wednesday, February 2nd. Robert W. Baird reduced their price objective on shares of Duluth from $28.00 to $20.00 in a research report on Friday, March 11th. Finally, StockNews.com began coverage on shares of Duluth in a research report on Thursday, March 31st. They set a buy rating on the stock.

Shares of DLTH opened at $12.66 on Thursday. The company’s fifty day moving average is $12.10 and its 200 day moving average is $13.72. Duluth has a fifty-two week low of $10.14 and a fifty-two week high of $20.78. The stock has a market capitalization of $375.88 million, a PE ratio of 13.91 and a beta of 0.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 1.92.

Duluth (NASDAQ:DLTH – Get Rating) last posted its quarterly earnings data on Thursday, March 10th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The company had revenue of $270.76 million during the quarter, compared to analyst estimates of $280.90 million. Duluth had a net margin of 4.25% and a return on equity of 14.45%. During the same period in the previous year, the firm earned $0.67 earnings per share. As a group, research analysts forecast that Duluth will post 1 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of DLTH. Morgan Stanley boosted its stake in shares of Duluth by 126.6% during the second quarter. Morgan Stanley now owns 13,171 shares of the company’s stock valued at $273,000 after purchasing an additional 7,359 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Duluth by 62.1% during the second quarter. Wells Fargo & Company MN now owns 82,568 shares of the company’s stock valued at $1,705,000 after purchasing an additional 31,636 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Duluth by 360.3% during the third quarter. BNP Paribas Arbitrage SA now owns 2,426 shares of the company’s stock valued at $33,000 after purchasing an additional 1,899 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Duluth by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 61,124 shares of the company’s stock valued at $833,000 after acquiring an additional 2,174 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Duluth by 88.1% in the fourth quarter. Bank of America Corp DE now owns 23,461 shares of the company’s stock valued at $356,000 after acquiring an additional 10,988 shares in the last quarter. 29.03% of the stock is owned by hedge funds and other institutional investors.

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.

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