Duluth Holdings Inc. | $DLTH Stock | Shares Shoot Up On Better Than Expected Q4 Earnings

Duluth Holdings

Duluth Holdings Inc. (NASDAQ: DLTH)



Duluth Holdings Inc. (DLTH), a national casual wear, workwear, and accessories company yesterday reported their fiscal fourth quarter 2016 financial results. Duluth reported fourth quarter earnings of $0.43 per share which beat analyst expectations of $0.33 per share. Duluth reported fourth quarter revenues of $174.7 million which beat analyst expectations of $163.2 million.


Duluth Holdings CEO’s Comments

“I am pleased to report that net sales increased 24% with adjusted EBITDA up 21% and GAAP diluted earnings per share at $0.66 for the full year. While we experienced unseasonably warm weather early in the fourth quarter, we had a very positive customer response when the weather turned in late December and the holiday season arrived. I am extremely proud of how well our team delivered an outstanding Duluth omnichannel experience to our customers,” said Stephanie Pugliese, Chief Executive Officer of Duluth Trading. Globe Newswire


DLTH Technical Analysis

Duluth Holdings

DLTH opened trading yesterday at $19.48 which was up from the previous day’s trading close of $19.30. Shares closed trading yesterday at $19.26 and spiked up after market to $23.25, equivalent to a 21% increase from the closing price. Taking a look at the daily chart we can see that the last time DLTH traded above these levels we have to go all the way back to February 10th, when it traded at $23.43.

Taking a closer look at the daily chart we can see that before the spike up DLTH had been in an overall downward trend dating back to December 8th, 2016 when it traded at $37.04. DLTH has a float of 9.42 million shares and traded 1.56 times the normal daily trading volume on Tuesday.

For day trading purposes, I would like to see DLTH open trading on Wednesday above $22.00 and if it does I would be looking to take a long position at the bell. My stop loss would be $0.25 from my entry position fearing anything more than that and the stock would start to fill in the gap up. This looks great in the premarket and will be on my watch list.


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, 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 Company, Duluthflex, Fire Hose, Longtail T, No Polo Shirt, Wild Boar Mocs, and Buck Naked.

Duluth Holdings Inc. markets its products through its Website, catalogs, and retail stores. As of March 2, 2017, it operated 17 retail stores. The company was formerly known as GEMPLER’S, Inc. and changed its name to Duluth Holdings Inc. Duluth Holdings Inc. was founded in 1989 and is headquartered in Belleville, Wisconsin.  Yahoo Finance