Stocks · Consumer Cyclical · Apparel - Retail
Duluth Holdings Inc. DLTH
$3.93 -0.25% Close, Oct 2, 2026 · NASDAQ · Market cap $149.3M
Inexpensive vs sector
Next earnings report: Dec 15, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 2.5% from -5.3% a year earlier.
- Earnings beat analyst estimates in each of the last 6 quarters (average surprise over the last four: +100.0%).
- Net debt is 3.3× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 12%
- Revenue growth, 3-year CAGRBottom 19%
- Revenue growth accelerationBottom 44%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 39%
- Gross marginTop 12%
- Operating marginBottom 27%
- Cash conversion (OCF / net income)Top 12%
- Accruals (lower is better)Top 8%
- Net debt / EBITDA (lower is better)Bottom 41%
- Interest coverBottom 47%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 48%
- Free-cash-flow yieldTop 2%
- EBITDA / enterprise valueTop 16%
- Sales / enterprise valueTop 11%
- P/E vs own 5-year history (lower is better)Bottom 27%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 50%
- 6-month returnTop 22%
- 1-year return vs S&P 500Top 35%
- Distance from 52-week highTop 41%
- Trend checklist (0–4)Top 34%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 6%
- Consecutive EPS beatsTop 20%
- Share of analysts rating BuyBottom 5%
- Upside to consensus price targetBottom 44%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 25%
- Maximum drawdown, 3 yearsBottom 22%
- Beta vs S&P 500 (lower is better)Top 18%
- Net debt / EBITDA (lower is better)Bottom 41%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -8.4% | -8.6% | ↓ |
| Gross margin | 49.5% | 58.3% | ↑ |
| Operating margin | -5.3% | 2.5% | ↑ |
| FCF margin | -5.5% | 10.4% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -8.6% | -8.4% | ↓ | Bottom 12% |
| Gross margin | 58.3% | 49.5% | ↑ | Top 12% |
| Operating margin | 2.5% | -5.3% | ↑ | Bottom 27% |
| Net margin | 1.1% | -7.6% | ↑ | — |
| Free-cash-flow margin | 10.4% | -5.5% | ↑ | — |
| Return on invested capital | 4.0% | — | Bottom 39% | |
| Revenue growth, 3-year CAGR | -4.7% | — | Bottom 19% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -14.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -67.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.31×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.22%
- Shareholder yield
- -0.22%
- Share count change, 1 year
- +2.4%
- Share count change, 3-year CAGR
- +2.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Aug 2, 2026 (filed Sep 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 6
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- +10.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $5.00
- Target vs current price
- +27.2%
- Analysts with a rating
- 7
- Share rating Buy or Strong Buy
- 14%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 3, 2026 | +5100.0% | +23.2% | +27.6% | +8.8% | — |
| Jun 8, 2026 | +48.8% | +29.8% | +41.0% | +28.6% | +9.3% |
| Mar 19, 2026 | +155.6% | +44.7% | +45.2% | +46.5% | +115.7% |
| Dec 16, 2025 | +58.9% | -29.4% | -29.7% | -29.1% | -31.0% |
| Sep 4, 2025 | +160.0% | +52.1% | +52.1% | +55.9% | +31.4% |
| Jun 5, 2025 | +15.8% | -17.4% | -10.7% | -1.8% | +1.3% |
| Mar 13, 2025 | -114.3% | -10.6% | -25.8% | -26.5% | -31.8% |
| Dec 5, 2024 | -28.1% | -8.3% | -9.9% | -18.8% | -25.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 3, 2026 | $0.50 | -$0.01 | +5100.0% | $121.4M |
| Jun 8, 2026 | -$0.20 | -$0.39 | +48.8% | $98.6M |
| Mar 19, 2026 | $0.23 | $0.09 | +155.6% | $215.9M |
| Dec 16, 2025 | -$0.23 | -$0.56 | +58.9% | $114.9M |
| Sep 4, 2025 | $0.03 | -$0.05 | +160.0% | $131.7M |
| Jun 5, 2025 | -$0.32 | -$0.38 | +15.8% | $102.7M |
| Mar 13, 2025 | -$0.04 | $0.28 | -114.3% | $241.3M |
| Dec 5, 2024 | -$0.41 | -$0.32 | -28.1% | $127.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 24.6× | 14.9× | 75th | Bottom 48% |
| EV / EBITDA | 7.6× | — | — | Top 16% |
| EV / Sales | 0.48× | — | — | Top 11% |
| Free-cash-flow yield | 38.53% | — | — | Top 2% |
| Earnings yield | 4.07% | — | — | Bottom 48% |
P/E over the past five years
Range 12.1× – 94.8× since Aug 1, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 137
- 50-day average slope (20 days)
- -0.9%
- 200-day average slope (20 days)
- +3.6%
- Distance from 50-day average
- -3.3%
- Distance from 200-day average
- +18.0%
- RSI (14)
- 42.2
- Relative volume
- 0.24×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 55.6%
- Volatility vs own 5-year history
- 60th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.64
- Correlation with S&P 500
- 0.12
- Current drawdown from 1-year high
- -17.6%
- Maximum drawdown, 3 years
- -72.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 30, 2021 | Apr 1, 2025 | -91.9% | 942 days | Not yet recovered |
| Oct 23, 2020 | Dec 29, 2020 | -37.9% | 45 days | 63 days (Mar 31, 2021) |
| Mar 31, 2021 | Apr 20, 2021 | -10.2% | 13 days | 5 days (Apr 27, 2021) |
| Apr 27, 2021 | May 21, 2021 | -10.1% | 18 days | 7 days (Jun 2, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $149.3M
- P/E (TTM)
- 24.6
- EPS, diluted (TTM)
- $0.16
- Revenue (TTM)
- $550.7M
- 52-week range
- $2.02 – $5.09
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $698.6M | $653.3M | $646.7M | $626.6M | $565.2M |
| Gross profit | $377.3M | $343.4M | $325.0M | $308.5M | $301.6M |
| Operating income | $44.1M | $6.2M | -$9.6M | -$36.9M | -$8.9M |
| Net income | $29.7M | $2.3M | -$9.9M | -$43.7M | -$16.4M |
| EPS (diluted) | $0.90 | $0.07 | -$0.28 | -$1.31 | -$0.47 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $127.1M | $241.3M | $102.7M | $131.7M | $114.9M | $215.9M | $98.6M | $121.4M |
| Net income | -$28.2M | -$3.5M | -$15.3M | $1.3M | -$10.1M | $7.7M | -$10.1M | $18.4M |
| EPS (diluted) | -$0.85 | -$0.17 | -$0.45 | $0.04 | -$0.29 | $0.22 | -$0.29 | $0.52 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $92.0M | -$5.6M | $38.7M | -$16.9M | $24.2M |
| Capital expenditure | -$10.4M | -$22.8M | -$49.1M | -$8.3M | -$7.6M |
| Free cash flow | $81.6M | -$28.5M | -$10.4M | -$25.2M | $16.6M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$374,000 | -$457,000 | -$279,000 | -$594,000 | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $26.8M
- Total assets
- $394.0M
- Total liabilities
- $218.9M
- Total debt
- $141.1M
- Net debt
- $114.3M
- Shareholders’ equity
- $177.9M
As of Aug 2, 2026 (filed Sep 4, 2026).
Short interest
- Shares sold short
- 326,471
- Days to cover
- 1.00
- Change vs previous report
- +10.1%
FINRA short interest, settlement date Sep 15, 2026.