Revenue Update on Duluth Holdings Inc(NASDAQ:DLTH)

Duluth Holdings Inc(NASDAQ:DLTH) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $174.653M. Analysts estimated a revenue of $164.270M. The revenues were 6.32% above the estimates. Earnings per share were $0.37. The reported EPS was above estimates by 8.82%. Analysts had estimated an EPS of $0.34.

In a different note, On Feb 24, 2017, Baird said it Upgrades its rating on Duluth Holdings Inc. In the research note, the firm Announces the price-target to $30 per share. The shares have been rated ‘Outperform’ by the firm.

Duluth Holdings Inc (DLTH) made into the market gainers list on Fridays trading session with the shares advancing 1.74% or 0.39 points. Due to strong positive momentum, the stock ended at $22.76, which is also near the day’s high of $23. The stock began the session at $22.5 and the volume stood at 4,63,156 shares. The 52-week high of the shares is $38.19 and the 52 week low is $17.02. The company has a current market capitalization of $738 M and it has 3,24,41,621 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 5, 2016, William E. Ferry (director) sold 4,180 shares at $33.45 per share price.Also, On Jun 23, 2016, Brenda I Morris (director) sold 6,250 shares at $25.55 per share price.On Jan 4, 2016, David Cole Finch (director) purchased 6,750 shares at $14.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Duluth Holdings Inc. (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products such as Longtail T shirts Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail. The Company’s direct segment includes net sales from the Company’s Website and catalogs. The Company’s retail segment includes net sales from its retail and outlet stores. The Company offers products through its omni channel distribution network consisting of its Website catalogs and retail stores. Its retail stores are concentrated in the Midwest.

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