Duluth (DLTH) Set to Announce Earnings on Thursday

Duluth (NASDAQ:DLTH – Get Rating) is scheduled to release its earnings data before the market opens on Thursday, June 1st. Analysts expect Duluth to post earnings of ($0.11) per share for the quarter. Duluth has set its FY 2023 guidance at $0.02-$0.08 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Duluth (NASDAQ:DLTH – Get Rating) last released its earnings results on Thursday, March 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $241.77 million for the quarter, compared to analyst estimates of $242.05 million. Duluth had a net margin of 0.35% and a return on equity of 2.33%. On average, analysts expect Duluth to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Duluth Price Performance

Duluth stock opened at $5.91 on Thursday. The firm has a market cap of $177.67 million, a PE ratio of 84.43 and a beta of 1.18. Duluth has a 52-week low of $5.11 and a 52-week high of $14.25. The company has a quick ratio of 0.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $6.04 and its two-hundred day moving average is $6.50.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Duluth in a report on Monday, February 6th. They set a “neutral” rating on the stock. StockNews.com initiated coverage on shares of Duluth in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Robert W. Baird reduced their price objective on shares of Duluth from $7.00 to $6.00 in a report on Friday, March 10th.

Institutional Investors Weigh In On Duluth

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Duluth by 10,586.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,061 shares of the company’s stock valued at $25,000 after purchasing an additional 4,023 shares in the last quarter. FMR LLC raised its holdings in shares of Duluth by 118.3% in the 1st quarter. FMR LLC now owns 4,869 shares of the company’s stock valued at $31,000 after purchasing an additional 2,639 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Duluth in the 1st quarter valued at $66,000. BNP Paribas Arbitrage SA grew its position in shares of Duluth by 282.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,422 shares of the company’s stock valued at $61,000 after buying an additional 4,742 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Duluth by 60.8% in the 1st quarter. Deutsche Bank AG now owns 8,062 shares of the company’s stock valued at $51,000 after buying an additional 3,048 shares during the last quarter. 29.83% of the stock is currently owned by institutional investors and hedge funds.

About Duluth

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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.