DLTH · NASDAQ · Apparel - Retail

Duluth (DLTH)

Designs durable apparel and gear for hands-on, everyday, and outdoor use.

$4.20
vs last close+0.01 (+0.36%)
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Duluth Holdings Inc.DLTH
Consumer Discretionary

Sells men's and women's workwear, casual wear, outdoor apparel, and accessories under the Duluth Trading brand. Revenue comes from one omnichannel business that combines nationwide web sales with company-operated stores.

Under the Duluth Trading brand, men's and women's workwear, casual wear, outdoor apparel, and accessories are sold for hands-on and everyday use. Longtail T shirts and Fire Hose work pants illustrate durable, functional merchandise.

Nationwide web sales and company-operated retail and outlet stores have extended a catalog-origin business into an omnichannel model. The portfolio serves hands-on, everyday, and outdoor use rather than an external wholesale network.

Product design emphasizes durability and function; proprietary names such as Armachillo, Ballroom, and DuluthFlex help distinguish the assortment. The business operates as one external reportable segment through its own channels.

Company facts

CEOStephanie L. Pugliese
ListedNov 20, 2015
ExchangeNASDAQ
HeadquartersMount Horeb, WI
CountryUnited States
Employees2,057
CIK0001649744
ISINUS26443V1017

Market cap$159.0M
EPS (ttm)$0.1600
P/E (ttm)26.12
ROE3.5%
P/B0.8938
P/S0.2888
Dividend yieldDiv yield
Beta1.72vs XLY 0.46

Price target$5.00+19.6%Average of 7 analysts
ConsensusHold6 of 7 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 4, 2026BairdDowngrade
Rating: Outperform
Rating: Neutral
Dec 17, 2025Robert W. BairdTarget
Target: $4.50
Target: $5
Sep 5, 2025BairdUpgrade
Rating: Neutral
Rating: Outperform

Next report
Dec 15, 26
estimated · in 84 days
EPS estimate
−$0.32
Revenue estimate
$110.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26Dec '26
Reported−$0.04−$0.32$0.03−$0.23$0.23−$0.20$0.50Pending
Estimate$0.28−$0.38−$0.05−$0.56$0.09−$0.39−$0.01−$0.32
Surprise−114.3%+15.8%+160.0%+58.9%+155.6%+48.8%+5,100.0%

RevenueReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26Dec '26
Reported$241.3M$102.7M$131.7M$114.9M$215.9M$98.6M$121.4MPending
Estimate$252.7M$105.5M$123.7M$114.9M$210.7M$93.7M$119.9M$110.9M
Surprise−4.5%−2.7%+6.5%0.0%+2.5%+5.2%+1.2%
Estimate−$0.32
ReportedDue Dec 15, 2026
Estimate$110.9M
ReportedDue Dec 15, 2026
View details

Debt to equity79.30%
Current ratio188.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
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
Net margin0.0%0.0%0.0%1.0%0.0%3.6%0.0%15.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$22.1M−$1.4M−$11.8M$3.3M−$8.8M$9.0M−$5.2M$18.8M
YoY growthLoss widenedTurned lossLoss widenedTurned profitLoss narrowedTurned profitLoss narrowed+479.5%

Balance sheet, Aug 2, 2026Cash & short-term investments $26.8M · Total debt $141.1M · Total assets $394.0M · Shareholders' equity $177.9M

Revenue
$121.4M
Operating income
$18.8M
Net income
$18.4M
View details

No dividends on record.

Institutions15.32%5.82M shares
61 holders · as of Jun 30, 2026
Insiders43.59%16.57M shares
16 holders · as of Aug 4, 2026
Other41.09%15.62M shares
remainder

38.01M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Stephen L. Schlecht1Insiderdirector, 10 percent owner
27.59%10.48M Bfiled Feb 13, 2026
Stephanie L. PuglieseInsiderdirector, officer: President and CEO
5.96%2.27M Bfiled May 14, 2026
Askeladden Capital Management LLCInstitution
5.81%2.21Mfiled Feb 17, 2026
Samuel M. SatoInsiderdirector, officer: President & CEO
2.26%857,966 Bfiled Apr 10, 2025
Madison Asset Management, LLCInstitution
2.01%762,777 Bas of Jun 30, 2026
  1. Stephen L. Schlecht's transaction reports restate only vehicles that traded; the 2026 ownership statement (10.48M) is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Dec 23, 2025Richard W. Schlechtofficer: SVP, Product Dev. & Sourcing+18,052$2.17
Dec 24, 2025Richard W. Schlechtofficer: SVP, Product Dev. & Sourcing+10,502$2.22
Sep 26, 2025Heena Agrawalofficer: Senior Vice President and CFO+10,000$3.50
View details

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Compare

CompanyPriceChange
Duluth$4.20+0.36%$159.0M26.10.3−7.8%
Kontoor Brands$68.56+3.23%$3.67B13.911.41.2−11.2%
Boot Barn$129.59+4.23%$3.77B15.714.31.6+17.8%
VF$13.58+4.02%$5.13B18.912.20.5−5.2%
Columbia Sportswear$58.37+2.89%$2.90B14.715.10.9+1.5%
Levi's$20.23+2.04%$7.75B12.212.61.2+8.0%
Gildan Activewear$47.65+3.22%$7.06B85.59.01.5+72.3%
Median15.212.41.2+4.8%