Duluth Holdings Inc. (DLTH) shares are trading at higher $9.36 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $6.67.
To add more color to this target, the company’s high over the last year is $11.13 and the low is $2.82. Over the last 52 weeks, DLTH is up 5.29% while the S&P 500 is up 19.82%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, DLTH reported a profit of $52.33 million. Duluth Holdings Inc. also saw revenues increase to $109.92 million. In addition, DLTH has free cash flow of -$37.62 million as of 04-2020. The company’s EBITDA came in at -$12.29 million which compares well with its peers.
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DLTH booked profit margins of 1.90%, its Return on Equity (ROE) is 7.00%, and its Return on Assets is 2.40%. All told, it is clear that, DLTH needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. DLTH has a short ratio of 6.31 and outstanding shares of 32.37M.
DLTH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.16 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.35. Duluth Holdings Inc. DLTH also noted assets of $505.61 million at the end of the last quarter. Investors should also keep an eye on sector updates as DLTH has historically followed its peers on positive news.
All told, Duluth Holdings Inc. DLTH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DLTH represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Duluth Holdings Inc. DLTH is now commanding a market cap of 294.00M and a float of 19.27M. DLTH is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of DLTH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in DLTH, either long or short, and we have not been compensated for this article.