Duluth Holdings Inc. (NASDAQ:DLTH) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.66-0.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.69. The company issued revenue guidance of $455-465 million, compared to the consensus revenue estimate of $463.74 million.

Shares of Duluth Holdings Inc. (NASDAQ:DLTH) opened at 20.06 on Thursday. The company has a 50-day moving average of $19.50 and a 200 day moving average of $19.72. The firm has a market cap of $651.03 million, a P/E ratio of 35.19 and a beta of 0.19. Duluth Holdings Inc. has a 12-month low of $16.01 and a 12-month high of $38.19.

Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Duluth Holdings had a return on equity of 17.46% and a net margin of 4.64%. The firm had revenue of $86.20 million during the quarter, compared to analyst estimates of $82.51 million. During the same period in the prior year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. Equities analysts predict that Duluth Holdings Inc. will post $0.69 EPS for the current year.

A number of analysts have recently weighed in on DLTH shares. Zacks Investment Research upgraded Duluth Holdings from a sell rating to a hold rating in a research note on Wednesday, August 2nd. FBR & Co restated a buy rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Thursday, August 31st. Wunderlich restated a buy rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Thursday, July 20th. DA Davidson restated a buy rating and issued a $25.00 target price on shares of Duluth Holdings in a research note on Wednesday. Finally, Robert W. Baird lowered their target price on Duluth Holdings from $30.00 to $25.00 and set an outperform rating for the company in a research note on Friday, June 9th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $26.38.

In related news, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total value of $537,612.00. Following the transaction, the director now owns 2,032 shares in the company, valued at $38,465.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E David Coolidge III purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $17.25 per share, for a total transaction of $258,750.00. Following the acquisition, the director now owns 5,365 shares of the company’s stock, valued at $92,546.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is currently owned by corporate insiders.

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An institutional investor recently raised its position in Duluth Holdings stock. State Street Corp boosted its position in Duluth Holdings Inc. (NASDAQ:DLTH) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,454 shares of the company’s stock after acquiring an additional 13,420 shares during the period. State Street Corp owned 0.51% of Duluth Holdings worth $3,013,000 at the end of the most recent quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.

Duluth Holdings Company Profile

Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.

Earnings History and Estimates for Duluth Holdings (NASDAQ:DLTH)

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