Duluth (NASDAQ:DLTH) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Key Points

• Duluth Holdings Inc. reported earnings of $0.03 per share for the quarter, exceeding analysts' estimates by $0.08.
• The company has a market cap of $88.69 million and a negative net margin of 8.68%.
• Wall Street analysts have rated Duluth stock as a "hold" with an average price target of $2.75.

Duluth (NASDAQ:DLTH - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.08, Zacks reports. Duluth had a negative net margin of 7.99% and a negative return on equity of 14.12%. The business had revenue of $131.72 million for the quarter, compared to analyst estimates of $124.03 million. Duluth updated its FY 2025 guidance to EPS.

Duluth Stock Up 1.6%

NASDAQ DLTH traded up $0.06 during trading on Monday, hitting $3.85. The stock had a trading volume of 904,429 shares, compared to its average volume of 478,375. Duluth has a 12 month low of $1.58 and a 12 month high of $4.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.22 and a current ratio of 1.35. The company's 50-day moving average price is $2.28 and its two-hundred day moving average price is $2.12. The company has a market capitalization of $144.68 million, a PE ratio of -2.69 and a beta of 1.20.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DLTH. Baird R W raised shares of Duluth from a "hold" rating to a "strong-buy" rating in a research report on Friday. Robert W. Baird raised Duluth from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $2.00 to $7.00 in a research note on Friday. Finally, Wall Street Zen began coverage on Duluth in a research note on Tuesday, May 20th. They issued a "hold" rating for the company. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Strong Buy" and an average target price of $7.00.

Institutional Investors Weigh In On Duluth

A hedge fund recently raised its stake in Duluth stock. Empowered Funds LLC increased its stake in shares of Duluth Holdings Inc. (NASDAQ:DLTH - Free Report) by 9.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,447 shares of the company's stock after acquiring an additional 8,597 shares during the period. Empowered Funds LLC owned about 0.31% of Duluth worth $177,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 24.39% of the company's stock.

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.