Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Duluth Holdings Inc.

DLTHNASDAQ
Wall Street Score · overall investment26/100
$4.07USD+$0.04 (+1.12%)
Company website www.duluthtrading.com
Headquarters201 East Front Street, Mount Horeb, WI, 53572, US
Financial statement currencyUSD · no FX conversion applied
Consumer Cyclical · Apparel - Retail
Price updated todayFinancials updated Oct 1, 2026

DLTH · Price history

Price at last available close

$4.07

+$0.13 (+3.30%) 1M

2026-10-27

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Company & revenue

About Duluth Holdings Inc.

Primary reporting period: 2026-02-01 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Duluth Holdings Inc., originally known as GEMPLER'S, Inc. and founded in 1989, is based in Mount Horeb, Wisconsin. This enterprise is a retailer specializing in durable casual apparel, workwear, and complementary accessories designed for both men and women across the United States. Under its primary Duluth Trading brand, the company offers a comprehensive range of items, including shirts, trousers, underwear, outerwear, footwear, various accessories, and hard goods.

How they make money

Duluth Holdings Inc. operates as a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel, and accessories. The company generates revenue primarily through an omnichannel retail model, selling products directly to consumers via its e-commerce website and through a network of company-operated retail and outlet stores.

Products & services

The company offers a range of apparel and accessories, including workwear, casual wear, and outdoor gear, marketed under the Duluth Trading brand, focusing on durability and functional design.

Brands & revenue mix

Duluth Trading

The primary lifestyle brand for men's and women's workwear and casual apparel.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

Suppliers, materials & equipment

  • Contract Manufacturers — The company relies on various third-party contract manufacturers to produce its apparel and accessory products.Source

Competitors

  • Apparel retailers — The company competes with various national and regional apparel retailers that offer workwear, casual wear, and outdoor clothing.Source

Strengths

  • Omnichannel retail platformSource
  • Strong brand identity focused on durabilitySource

Risks

  • Reliance on third-party contract manufacturersSource
  • Risks associated with AI technology implementationSource
  • Fluctuations in consumer demand and seasonal needsSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

26

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

29

Poor

Financial Strength

67

Business Quality / Moat

11

Management

13

Growth Quality

14

Risk / Durability

10

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

30

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

38/100

Building Historical Record

Model Score 38/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like
  • •Balance-sheet / debt profile scores strongly
What to watch
  • •Debt service risk
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak

Company-specific research

Questions worth answering for DLTH

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •What is driving DLTH's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
  • •Is DLTH's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is DLTH's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What future growth or profitability would be needed to justify DLTH's current valuation?
Debt service risk
Business analysis: 15 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

26

0–100 · Poor

Opportunity Score

30

0–100 · Poor

Market Cap

$154.7M

P/E Ratio

24.4

EPS

$0.16

52-Week High

$5.09

52-Week Low

$2.02

Beta

1.38

Intrinsic Value

$1.36

Analyst Target

$5.00

Shares Outstanding

34.5M

Total Revenue

$550.7M

Total Debt

$141.1M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$5.07

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
54/ 100
+3 pts / 5d

Neutral / mixed momentum

5D +0.7% · 20D +3.3% · RSI 54 · Price vs 20D avg +2.0%
Volatility
18/ 100
-1 pts / 5d

Low movement

20D realized vol 24.7% · 60D 51.6% · Acceleration 0.48x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for DLTH

Detected from reported data — verify before acting.

Debt service risk

Interest coverage is low (~-1.7x). Earnings may be strained to cover interest expense.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on DLTH.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Omnichannel retail platform.
  • +Strong brand identity focused on durability.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Apparel - Retail industry.
  • −Reliance on third-party contract manufacturers.
  • −Risks associated with AI technology implementation.
  • −Fluctuations in consumer demand and seasonal needs.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak26/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

26

Tap for breakdown →

Elite

92

Debt Cost3.5%
Debt Reduction YoY9.6%
Debt / Equity0.87x

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Poor

24

Revenue YoY-2.6%
Revenue CAGR-6.5%
Net Margin1.1%

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Fair

55

Asset Growth YoY-11.0%
Liquidation/Share$5.07
Net Assets/MCap1.71x

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Poor

20

Earnings Yield4.0%
Buyback Yield0.2%
Debt Cost3.5%

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Poor

13

ROIC-3.1%
ROE3.3%
ROA1.5%

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Poor

11

EPS Growth—
FCF/Share Growth-5.2%
Rev/Share Growth-4.0%

Tap for breakdown →

Poor

16

Intrinsic Value$1.36
Value Reference$0.82
MOS-189.0%

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Weak

41

Revenue24
Moat11
Valuation16

Tap for breakdown →

Poor

0

MOS %-189.0%
Value Reference$0.82
Deep Discount Reference$0.54

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Poor

23

Interest Coverage-1.7x
ROIC-3.1%
FCF Yield11.2%

Tap for breakdown →

Poor

20

Financial23
Valuation16
Debt92

Tap for breakdown →

Poor

23

Survival Years0.1 yrs
Current Ratio1.59x
FCF Margin2.9%

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Score Changes

6 historical score records available

Previous Score

26

Sep 21, 2026

Change

Unchanged

Current Score

26

Oct 1, 2026

Category Changes

Revenue+0.2
Debt0
Assets0
Capital+2.0
Management0
Moat-1.8
Valuation0
Buffett-0.2

DLTH score was unchanged.

Positive Contributors

  • + Capital improved by 2 points

Projected Score

Projected Score

32

Projected Change

+5.8 points

Preliminary comparable-period financial changes suggest improvement of approximately 5.8 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Overvalued

Current Price

$4.07

Model Intrinsic Value

$1.36

Difference

+$2.71

+199.3% vs IV

Margin of Safety

-199.3%

UndervaluedFair ValueOvervalued
Value Reference: $0.82
Deep Discount Reference: $0.54

Financial Charts

Revenue

201520162017201820192020202120222023202420252026$0$200M$400M$600M$800M

Additional Metrics

Operating Cash Flow

201620182020202220242026-$35M$0$35M$70M$105M

Total Debt

201620182020202220242026$0$60M$120M$180M$240M

Total Assets

201620182020202220242026$0$150M$300M$450M$600M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2026202520242023202220212020201920182017
Revenue$550.7M$565.2M$626.6M$646.7M····························
Cost of Revenue$229.5M$263.6M$318.1M$321.7M····························
Gross Profit$321.2M$301.6M$308.5M$325.0M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$306.3M$310.5M$337.6M$334.5M····························
Operating Expenses$307.4M$310.5M$345.4M$334.5M····························
EBITDA$34.6M$15.6M-$4.4M$23.5M····························
Operating Income$13.8M-$8.9M-$36.9M-$9.6M····························
Interest Expense$3.8M$5.2M$4.6M$4.2M····························
Income Before Tax$6.6M-$15.1M-$41.2M-$12.8M····························
Income Tax Expense$571K$1.2M$2.4M-$2.9M····························
Net Income$5.9M-$16.4M-$43.7M-$9.9M····························
Basic EPS$0.16$-0.47$-1.31$-0.28····························
Basic Shares35.27M34.54M33.37M32.95M····························
Diluted Shares35.27M34.54M33.37M32.95M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Dec 15, 2026
Estimated EPS: -$0.32Estimated revenue: $110.9M
Aug 2, 2026Q2FY2026

Revenue

$121.4M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.52

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-25.3%

Cash Change

+367.0%

Margin Change

+14.2 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Cash position grew
  • Debt reduced

Potential Score Impact

Positive indicators included EPS growth, cash levels, debt levels, net income margin. Pressure indicators included revenue growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue declined 7.8%. EPS increased 1320.8%. Cash increased 367.0%. Total debt declined 25.3%. Net income margin improved by 14.2 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 87 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

6 historical records
Jul 23, 26Aug 12, 26Sep 3, 26Sep 6, 26Sep 21, 26Oct 1, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Debt Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Revenue Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Asset Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Capital Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Management Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Moat Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Valuation Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Buffett Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Intrinsic Value

Sep 6, 26Sep 21, 26Oct 1, 26-$1.00$0.00$1.00$2.00$3.00

Value Reference

Sep 6, 26Sep 21, 26Oct 1, 26$0.60$0.70$0.80$0.90$1.00

Margin of Safety %

Sep 6, 26Sep 21, 26Oct 1, 26-3.0%-2.0%-1.0%0.0%1.0%

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News

Rumor Mill · DLTH

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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