Duluth Holdings Inc. (NASDAQ:DLTH) Short Interest Update

Duluth Holdings Inc. (NASDAQ:DLTH) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 462,175 shares, a growth of 50.5% from the December 15th total of 307,101 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 280,441 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 280,441 shares, the short-interest ratio is currently 1.6 days. Approximately 2.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several research analysts have commented on DLTH shares. Weiss Ratings restated a “sell (d-)” rating on shares of Duluth in a research report on Tuesday, October 14th. Robert W. Baird set a $5.00 target price on Duluth in a research report on Wednesday, December 17th. Singular Research upgraded Duluth to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Wall Street Zen raised Duluth to a “hold” rating in a report on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $5.00.

Key Stories Impacting Duluth

Here are the key news stories impacting Duluth this week:

• Neutral Sentiment: Third‑party financial comparison: A recent financial comparison piece contrasts Tandy Brands Accessories (OTC: TBACQ) with Duluth (DLTH); this is informational and doesn’t announce corporate actions or new guidance. Tandy Brands Accessories (OTCMKTS:TBACQ) vs. Duluth (NASDAQ:DLTH) Financial Comparison
• Neutral Sentiment: Regional real estate and infrastructure stories (office buildings for sale, 4th Street reconstruction, municipal plans) highlight local economic activity in Duluth but are unlikely to move DLTH stock, which is driven by retail performance and national sales. On the Market: Office buildings for sale offer value-add in Minnetonka, Duluth City of Duluth holds open house to introduce 4th Street reconstruction project
• Neutral Sentiment: Local economic headwinds: Coverage on a tough shipping season and economic strain at Duluth’s Twin Ports may signal regional weakness that could modestly affect local retail traffic, but this is unlikely to be a major driver for a national retailer like Duluth Trading Company. A tough shipping season ends with Duluth’s Twin Ports facing stiff economic headwinds Duluth’s Twin Ports faces stiff economic headwinds
• Neutral Sentiment: Other local news (community forums, school center naming submissions, public safety and missing‑child reports) do not pertain to Duluth Holdings’ operations or financials. Submissions open to name soon-to-be Duluth Public Schools education center
• Negative Sentiment: Investor litigation/investigation: Pomerantz LLP announced an investigation into claims on behalf of Duluth Holdings investors. Such announcements tend to weigh on small‑cap stocks like DLTH because they raise the prospect of shareholder suits, management distraction, potential settlements or reputational risk. This is the most direct negative item affecting DLTH today. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Duluth Holdings Inc. – DLTH

Duluth Stock Performance

NASDAQ:DLTH opened at $2.31 on Friday. The company has a 50-day moving average of $2.64 and a 200-day moving average of $2.76. The firm has a market cap of $84.85 million, a price-to-earnings ratio of -2.66 and a beta of 1.80. The company has a current ratio of 1.29, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33. Duluth has a twelve month low of $1.58 and a twelve month high of $4.66.

Duluth (NASDAQ:DLTH) last released its earnings results on Tuesday, December 16th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.33. The business had revenue of $114.87 million during the quarter, compared to analyst estimates of $118.50 million. Duluth had a negative net margin of 5.03% and a negative return on equity of 11.51%. During the same period in the prior year, the business earned ($0.41) earnings per share. Analysts forecast that Duluth will post -0.56 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Richard W. Schlecht purchased 18,052 shares of Duluth stock in a transaction dated Tuesday, December 23rd. The shares were acquired at an average price of $2.17 per share, with a total value of $39,172.84. Following the completion of the transaction, the senior vice president owned 341,731 shares of the company’s stock, valued at approximately $741,556.27. This trade represents a 5.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 42.94% of the company’s stock.

Institutional Investors Weigh In On Duluth

Several hedge funds have recently modified their holdings of DLTH. International Assets Investment Management LLC purchased a new position in Duluth in the 2nd quarter worth about $50,000. Taylor & Morgan Wealth Management LLC boosted its holdings in shares of Duluth by 29.2% in the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 31,000 shares of the company’s stock worth $64,000 after buying an additional 7,000 shares during the period. Yarger Wealth Strategies LLC boosted its holdings in shares of Duluth by 124.5% in the second quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock worth $68,000 after buying an additional 17,978 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Duluth in the third quarter worth approximately $85,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Duluth during the third quarter valued at approximately $140,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

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.