Does DULUTH HOLDINGS INC. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores DULUTH HOLDINGS INC. (DLTH) 47.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 88, returns on capital 49, balance-sheet safety 28, capital discipline 6.

Is DLTH stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $0.48 per share versus a recent price of $4.27 — 797% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has DLTH's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 47.8 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

DULUTH HOLDINGS INC.

DLTH · Consumer Discretionary · $147.8M mkt cap · FY2026 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power88

Median gross margin 53.3% over 10y, very stable.

Returns on capital49

Median ROIC 11.4%, above the 9% hurdle in 60% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -2x.

Capital discipline6

Owner earnings -25.6%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

797% above value

Owner earnings (normalized): $1.5M
Est. intrinsic value / share: $0.48
Recent price: $4.27
Discount to value: 797% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for DLTH yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale47.8 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — DLTH has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#165 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#163DAKT Daktronics, Inc.47.9 out of 100, Shallow moatShallow moat
#164VVX V2X, Inc.47.9 out of 100, Shallow moatShallow moat
#166EZPW EZCORP, INC.47.7 out of 100, Shallow moatShallow moat
#167MOD Modine Manufacturing Company47.6 out of 100, Shallow moatShallow moat

Compare DLTH with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about DLTH

Does DULUTH HOLDINGS INC. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores DULUTH HOLDINGS INC. (DLTH) 47.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 88, returns on capital 49, balance-sheet safety 28, capital discipline 6.
Is DLTH stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $0.48 per share versus a recent price of $4.27 — 797% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has DLTH's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 47.8 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell DLTH. See the disclaimer.