William Blair Comments on Duluth Holdings Inc’s FY2022 Earnings (NASDAQ:DLTH)

Duluth Holdings Inc (NASDAQ:DLTH) – Research analysts at William Blair boosted their FY2022 earnings per share estimates for shares of Duluth in a report released on Wednesday, January 12th. William Blair analyst D. Carden now anticipates that the company will post earnings of $0.85 per share for the year, up from their previous forecast of $0.84. William Blair also issued estimates for Duluth’s Q1 2024 earnings at $0.14 EPS, Q2 2024 earnings at $0.27 EPS, Q3 2024 earnings at $0.05 EPS and FY2024 earnings at $1.12 EPS.

Duluth (NASDAQ:DLTH) last posted its earnings results on Wednesday, December 1st. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.28. The business had revenue of $145.28 million during the quarter, compared to analyst estimates of $142.50 million. Duluth had a return on equity of 17.30% and a net margin of 5.00%. During the same quarter in the previous year, the firm earned $0.03 EPS.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Duluth from a “buy” rating to a “hold” rating in a research report on Tuesday, December 7th. Robert W. Baird boosted their target price on Duluth from $22.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, December 3rd.

Shares of DLTH opened at $14.53 on Thursday. The stock has a 50-day moving average price of $15.34 and a 200-day moving average price of $15.58. The company has a market cap of $431.51 million, a PE ratio of 13.84 and a beta of 0.86. Duluth has a 12-month low of $11.91 and a 12-month high of $20.78. The company has a current ratio of 1.77, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its position in Duluth by 360.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,426 shares of the company’s stock worth $33,000 after buying an additional 1,899 shares in the last quarter. Citigroup Inc. grew its position in shares of Duluth by 318.1% during the third quarter. Citigroup Inc. now owns 4,210 shares of the company’s stock worth $57,000 after purchasing an additional 3,203 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Duluth during the second quarter worth about $68,000. Barclays PLC grew its position in shares of Duluth by 261.7% during the third quarter. Barclays PLC now owns 5,559 shares of the company’s stock worth $76,000 after purchasing an additional 4,022 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of Duluth during the second quarter worth about $82,000. 29.09% of the stock is currently owned by institutional investors.

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.

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Earnings History and Estimates for Duluth (NASDAQ:DLTH)

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