Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Down 12.4% in July

Duluth Holdings Inc (NASDAQ:DLTH) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 773,200 shares, a decrease of 12.4% from the July 15th total of 883,000 shares. Based on an average trading volume of 123,000 shares, the days-to-cover ratio is presently 6.3 days. Approximately 3.8% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Robert W. Baird decreased their price target on shares of Duluth from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, May 31st.

Duluth Stock Down 1.2 %

Shares of DLTH stock traded down $0.04 during mid-day trading on Monday, hitting $3.30. 89,415 shares of the stock traded hands, compared to its average volume of 87,438. The stock has a market cap of $104.61 million, a P/E ratio of -8.20 and a beta of 1.37. The stock’s fifty day moving average is $3.66 and its two-hundred day moving average is $4.23. Duluth has a 52-week low of $3.20 and a 52-week high of $7.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.79 and a quick ratio of 0.37.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The firm had revenue of $116.68 million for the quarter, compared to analysts’ expectations of $119.70 million. Duluth had a negative net margin of 2.09% and a negative return on equity of 6.11%. Equities analysts predict that Duluth will post -0.23 EPS for the current year.

Hedge Funds Weigh In On Duluth

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Duluth by 1.8% during the first quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after acquiring an additional 15,018 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Duluth by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock worth $2,942,000 after buying an additional 64,281 shares during the period. Heartland Advisors Inc. acquired a new position in Duluth in the 1st quarter worth approximately $1,470,000. Marshall Wace LLP acquired a new position in Duluth in the 2nd quarter worth approximately $432,000. Finally, Empowered Funds LLC increased its holdings in Duluth by 8.0% in the 1st quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock worth $382,000 after buying an additional 5,775 shares during the period. Institutional investors and hedge funds own 24.39% of the company’s stock.

Duluth Company Profile

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.