Short Interest in Duluth Holdings Inc. (NASDAQ:DLTH) Decreases By 25.7%

Duluth Holdings Inc. (NASDAQ:DLTH) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 326,278 shares, a drop of 25.7% from the January 15th total of 439,041 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 68,949 shares, the short-interest ratio is currently 4.7 days. Based on an average daily trading volume, of 68,949 shares, the short-interest ratio is currently 4.7 days. Approximately 1.6% of the shares of the company are short sold.

Duluth Stock Performance

NASDAQ DLTH opened at $2.28 on Friday. Duluth has a 52-week low of $1.58 and a 52-week high of $4.66. The company has a fifty day moving average of $2.36 and a 200-day moving average of $2.78. The company has a market capitalization of $83.74 million, a P/E ratio of -2.62 and a beta of 1.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.21 and a current ratio of 1.29.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Tuesday, December 16th. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.33. Duluth had a negative return on equity of 11.51% and a negative net margin of 5.03%.The business had revenue of $114.87 million for the quarter, compared to the consensus estimate of $118.50 million. During the same quarter last year, the business posted ($0.41) earnings per share. As a group, equities research analysts predict that Duluth will post -0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DLTH shares. Robert W. Baird set a $5.00 target price on shares of Duluth in a research note on Wednesday, December 17th. Wall Street Zen upgraded Duluth to a “hold” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Insider Buying and Selling

In other Duluth news, SVP Richard W. Schlecht acquired 18,052 shares of Duluth stock in a transaction that occurred on Tuesday, December 23rd. The stock was acquired at an average cost of $2.17 per share, for a total transaction of $39,172.84. Following the purchase, the senior vice president owned 341,731 shares of the company’s stock, valued at approximately $741,556.27. This represents a 5.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.94% of the company’s stock.

Institutional Trading of Duluth

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Duluth during the second quarter valued at about $50,000. Taylor & Morgan Wealth Management LLC raised its position in Duluth by 29.2% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 31,000 shares of the company’s stock valued at $64,000 after purchasing an additional 7,000 shares during the last quarter. Squarepoint Ops LLC bought a new position in Duluth during the 3rd quarter valued at approximately $85,000. GSA Capital Partners LLP purchased a new stake in Duluth in the 3rd quarter worth approximately $140,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after buying an additional 29,521 shares during the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Company Profile

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.