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DLTH

Duluth Holdings NasdaqGS:DLTH Stock Report

Last Price

US$9.67

Market Cap

US$322.6m

7D

-10.5%

1Y

-50.2%

Updated

03 Jul, 2022

Data

Company Financials +
DLTH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

DLTH Stock Overview

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

Rewards

Price-To-Earnings ratio (11.6x) is below the US market (14.7x)

Earnings are forecast to grow 21.92% per year

Risk Analysis

No risks detected for DLTH from our risk checks.

Duluth Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Duluth Holdings
Historical stock prices
Current Share PriceUS$9.67
52 Week HighUS$19.74
52 Week LowUS$9.09
Beta0.79
1 Month Change-21.57%
3 Month Change-20.61%
1 Year Change-50.18%
3 Year Change-30.63%
5 Year Change-46.22%
Change since IPO-29.16%

Recent News & Updates

Jul 01
Duluth Holdings (NASDAQ:DLTH) Seems To Use Debt Quite Sensibly

Duluth Holdings (NASDAQ:DLTH) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Jun 28

Duluth Holdings: Inexpensive Consumer Discretionary Winner

DLTH has seen significant improvement in margins which bodes well for future earnings expansion. The stock trades at a very compelling valuation compared to history at just 12.4 times trailing earnings. The company is continuing to make investments in brand and fulfillment, which will pay off in later 2022 and 2023.

Jun 16

Duluth Holdings: Strong Cash Position, But Macroeconomic Pressures Still Lie Ahead

Duluth Holdings could see a potential drop in demand as well as supply chain concerns in upcoming quarters due to inflation. However, the company's overall cash position seems to be strong. While Duluth Holdings seems to be in a stable financial position to weather the current macroeconomic conditions, the stock could still see short-term downside.

Shareholder Returns

DLTHUS Online RetailUS Market
7D-10.5%-4.4%-2.5%
1Y-50.2%-42.7%-21.2%

Return vs Industry: DLTH underperformed the US Online Retail industry which returned -42.7% over the past year.

Return vs Market: DLTH underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is DLTH's price volatile compared to industry and market?
DLTH volatility
DLTH Average Weekly Movement7.2%
Online Retail Industry Average Movement13.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: DLTH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: DLTH's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19892,059Sam Satohttps://www.duluthtrading.com

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, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No Polo Shirt, No Yank, Wild Boar Mocs, and Buck Naked.

Duluth Holdings Fundamentals Summary

How do Duluth Holdings's earnings and revenue compare to its market cap?
DLTH fundamental statistics
Market CapUS$322.59m
Earnings (TTM)US$27.86m
Revenue (TTM)US$688.07m

11.6x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DLTH income statement (TTM)
RevenueUS$688.07m
Cost of RevenueUS$310.23m
Gross ProfitUS$377.84m
Other ExpensesUS$349.98m
EarningsUS$27.86m

Last Reported Earnings

May 01, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.84
Gross Margin54.91%
Net Profit Margin4.05%
Debt/Equity Ratio12.3%

How did DLTH perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DLTH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DLTH?

Other financial metrics that can be useful for relative valuation.

DLTH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA6.7x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does DLTH's PE Ratio compare to its peers?

DLTH PE Ratio vs Peers
The above table shows the PE ratio for DLTH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.3x
LE Lands' End
13.5x32.2%US$383.6m
PETS PetMed Express
18.8x12.8%US$397.1m
RMBL RumbleON
63.9x32.7%US$247.3m
LQDT Liquidity Services
8.9xn/aUS$502.3m
DLTH Duluth Holdings
11.6x21.9%US$322.6m

Price-To-Earnings vs Peers: DLTH is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (26.3x).


Price to Earnings Ratio vs Industry

How does DLTH's PE Ratio compare vs other companies in the US Online Retail Industry?

Price-To-Earnings vs Industry: DLTH is good value based on its Price-To-Earnings Ratio (11.6x) compared to the US Online Retail industry average (16x)


Price to Earnings Ratio vs Fair Ratio

What is DLTH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DLTH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: DLTH is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).


Share Price vs Fair Value

What is the Fair Price of DLTH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DLTH ($9.67) is trading above our estimate of fair value ($0.66)

Significantly Below Fair Value: DLTH is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: DLTH is good value based on its PEG Ratio (0.5x)


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLTH's forecast earnings growth (21.9% per year) is above the savings rate (1.9%).

Earnings vs Market: DLTH's earnings (21.9% per year) are forecast to grow faster than the US market (13.6% per year).

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

Revenue vs Market: DLTH's revenue (9% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: DLTH's revenue (9% 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


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Past Performance

How has Duluth Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DLTH has high quality earnings.

Growing Profit Margin: DLTH's current net profit margins (4%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: DLTH's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: DLTH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DLTH had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the Online Retail industry average (-18.3%).


Return on Equity

High ROE: DLTH's Return on Equity (12.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Duluth Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DLTH's short term assets ($214.1M) exceed its short term liabilities ($108.2M).

Long Term Liabilities: DLTH's short term assets ($214.1M) exceed its long term liabilities ($173.3M).


Debt to Equity History and Analysis

Debt Level: DLTH has more cash than its total debt.

Reducing Debt: DLTH's debt to equity ratio has increased from 0.9% to 12.3% over the past 5 years.

Debt Coverage: DLTH's debt is well covered by operating cash flow (176.2%).

Interest Coverage: DLTH's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DLTH has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Sam Sato (58 yo)

1.17yrs

Tenure

US$3,811,911

Compensation

Mr. Samuel M. Sato, also known as Sam, serves as President and Chief Executive Officer at Duluth Holdings Inc. since May 3, 2021 and has been its Director since May 27, 2021. Mr. Sato had been Chief Execut...


CEO Compensation Analysis

Compensation vs Market: Sam's total compensation ($USD3.81M) is above average for companies of similar size in the US market ($USD2.92M).

Compensation vs Earnings: Insufficient data to compare Sam's compensation with company performance.


Leadership Team

Experienced Management: DLTH's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: DLTH's board of directors are considered experienced (6.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Duluth Holdings Inc.'s 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
  • Implied Market Cap: US$322.588m
  • Shares outstanding: 33.36m
  • Website: https://www.duluthtrading.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/05/01
Annual Earnings2022/01/30


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.