Duluth (NASDAQ:DLTH) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Duluth (NASDAQ:DLTH) announced its quarterly earnings results on Monday. The company reported ($0.20) EPS 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 firm had revenue of $98.59 million for the quarter, compared to analyst estimates of $93.69 million.

Duluth Price Performance

DLTH opened at $3.32 on Monday. The business’s 50-day moving average is $3.31 and its two-hundred day moving average is $2.78. Duluth has a 1 year low of $1.82 and a 1 year high of $4.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.59 and a quick ratio of 0.38. The firm has a market capitalization of $122.05 million, a PE ratio of -6.92 and a beta of 1.45.

Hedge Funds Weigh In On Duluth

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLTH. Barclays PLC boosted its holdings in Duluth by 32.2% in the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock worth $121,000 after acquiring an additional 14,136 shares in the last quarter. Blair William & Co. IL boosted its holdings in Duluth by 17.2% in the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after acquiring an additional 16,678 shares in the last quarter. Empowered Funds LLC boosted its holdings in Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock worth $177,000 after acquiring an additional 8,597 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Duluth by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after acquiring an additional 29,521 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Duluth in the third quarter worth about $85,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Duluth to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

About Duluth

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.