Duluth (NASDAQ:DLTH) Announces Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Duluth (NASDAQ:DLTH) released its quarterly earnings results on Monday. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.19, FiscalAI reports. Duluth had a negative return on equity of 5.95% and a negative net margin of 2.90%.The company had revenue of $98.59 million for the quarter, compared to analyst estimates of $93.69 million.

Duluth Stock Performance

DLTH stock opened at $3.32 on Monday. The company has a quick ratio of 0.38, a current ratio of 1.59 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $3.31 and its two-hundred day simple moving average is $2.78. Duluth has a twelve month low of $1.82 and a twelve month high of $4.66. The firm has a market cap of $122.05 million, a price-to-earnings ratio of -6.92 and a beta of 1.45.

Hedge Funds Weigh In On Duluth

Institutional investors have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of 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 buying an additional 14,136 shares during the period. Blair William & Co. IL increased its stake in shares of Duluth by 17.2% during the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after buying an additional 16,678 shares during the period. Empowered Funds LLC increased its stake in shares of Duluth by 9.3% during the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after buying an additional 8,597 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after buying an additional 29,521 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of Duluth during the third quarter valued at $85,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Duluth to a “hold” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Duluth has a consensus rating of “Moderate Buy” and a consensus 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.