NasdaqGS:DLTH

Stock Analysis Report

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Executive Summary

Duluth Holdings Inc. sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. More Details


Snowflake Analysis

Good value with proven track record.

Share Price & News

How has Duluth Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DLTH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.1%

DLTH

-1.1%

US Online Retail

-5.3%

US Market


1 Year Return

64.9%

DLTH

73.9%

US Online Retail

10.4%

US Market

Return vs Industry: DLTH underperformed the US Online Retail industry which returned 77% over the past year.

Return vs Market: DLTH exceeded the US Market which returned 12% over the past year.


Shareholder returns

DLTHIndustryMarket
7 Day-9.1%-1.1%-5.3%
30 Day25.5%3.4%-2.1%
90 Day107.6%7.4%1.7%
1 Year64.9%64.9%74.0%73.9%12.9%10.4%
3 Year-14.8%-14.8%113.5%113.3%34.3%25.4%
5 Yearn/a264.9%264.2%73.7%54.3%

Price Volatility Vs. Market

How volatile is Duluth Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Duluth Holdings undervalued compared to its fair value and its price relative to the market?

47.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DLTH ($15.34) is trading below our estimate of fair value ($29.29)

Significantly Below Fair Value: DLTH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DLTH is poor value based on its PE Ratio (32.3x) compared to the US Online Retail industry average (31.7x).

PE vs Market: DLTH is poor value based on its PE Ratio (32.3x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: DLTH is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: DLTH is good value based on its PB Ratio (3x) compared to the US Online Retail industry average (4.5x).


Next Steps

Future Growth

How is Duluth Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

41.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLTH's forecast earnings growth (41.3% per year) is above the savings rate (2.2%).

Earnings vs Market: DLTH's earnings (41.3% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DLTH's revenue (7.8% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: DLTH's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DLTH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Duluth Holdings performed over the past 5 years?

-1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DLTH has high quality earnings.

Growing Profit Margin: DLTH's current net profit margins (2.5%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: DLTH's earnings have declined by 1.7% per year over the past 5 years.

Accelerating Growth: DLTH's earnings growth over the past year (29.3%) exceeds its 5-year average (-1.7% per year).

Earnings vs Industry: DLTH earnings growth over the past year (29.3%) exceeded the Online Retail industry 27.7%.


Return on Equity

High ROE: DLTH's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Duluth Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: DLTH's short term assets ($201.8M) exceed its short term liabilities ($84.1M).

Long Term Liabilities: DLTH's short term assets ($201.8M) do not cover its long term liabilities ($254.7M).


Debt to Equity History and Analysis

Debt Level: DLTH's debt to equity ratio (64.3%) is considered high.

Reducing Debt: DLTH's debt to equity ratio has increased from 35% to 64.3% over the past 5 years.

Debt Coverage: DLTH's debt is not well covered by operating cash flow (1.8%).

Interest Coverage: DLTH's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Duluth Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DLTH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DLTH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DLTH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DLTH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DLTH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Steve Schlecht (73 yo)

1.17yrs

Tenure

US$316,211

Compensation

Mr. Stephen L. Schlecht, also known as Steve, is a Founder of Duluth Holdings Inc. and has been its Executive Chairman and Director of Duluth Holdings, Inc. since February 2, 2015 and since 1986 respective ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD316.21K) is below average for companies of similar size in the US market ($USD1.96M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Schlecht
Founder1.17yrsUS$316.21k35.11%
$ 176.7m
David Loretta
Senior VP3.25yrsUS$625.54k0.20%
$ 988.5k
Michael Murphy
VP & Chief Accounting Officer1.08yrsno data0.031%
$ 155.3k
Christopher Teufel
Senior VP of Supply Chain & Logistics and Chief Information Officer0.33yrno data0.11%
$ 559.9k
David Homolka
Senior Vice President of Human Resources3.58yrsno data0.14%
$ 688.9k
Richard Schlecht
Senior Vice President of Product Development0.58yrno data0.20%
$ 992.0k

1.1yrs

Average Tenure

51.5yo

Average Age

Experienced Management: DLTH's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Stephen Schlecht
Founder1.17yrsUS$316.21k35.11%
$ 176.7m
Edgar Coolidge
Independent Director5.08yrsUS$109.80k0.46%
$ 2.3m
Thomas Folliard
Independent Director5.08yrsUS$112.00k0.21%
$ 1.1m
Brenda Morris
Independent Director5.08yrsUS$109.80k0.078%
$ 391.7k
Scott Williams
Independent Director2.33yrsUS$98.25k0.058%
$ 292.1k
David Finch
Independent Director5.08yrsUS$104.50k0.35%
$ 1.8m
Francesca Edwardson
Independent Director5.08yrsUS$107.00k0.17%
$ 848.8k

5.1yrs

Average Tenure

63yo

Average Age

Experienced Board: DLTH's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Duluth Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Duluth Holdings Inc.
  • Ticker: DLTH
  • Exchange: NasdaqGS
  • Founded: 1989
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$503.407m
  • Shares outstanding: 32.82m
  • Website: https://www.duluthtrading.com

Number of Employees


Location

  • Duluth Holdings Inc.
  • 201 East Front Street
  • Mount Horeb
  • Wisconsin
  • 53572
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DLTHNasdaqGS (Nasdaq Global Select)YesClass B Common StockUSUSDNov 2015
6DUDB (Deutsche Boerse AG)YesClass B Common StockDEEURNov 2015

Biography

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, ac ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 23:40
End of Day Share Price2020/10/30 00:00
Earnings2020/08/02
Annual Earnings2020/02/02


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.