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

Duluth Holdings Inc. (NASDAQ:DLTH) saw a significant 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. Based on an average trading volume of 68,949 shares, the days-to-cover ratio is currently 4.7 days. Currently, 1.6% of the company’s shares are sold short. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 68,949 shares, the days-to-cover ratio is currently 4.7 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in 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 shares of Duluth to a “hold” rating in a report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.00.

Insiders Place Their Bets

In related news, SVP Richard W. Schlecht acquired 18,052 shares of Duluth stock in a transaction on Tuesday, December 23rd. The shares were acquired at an average cost of $2.17 per share, with a total value of $39,172.84. Following the transaction, the senior vice president owned 341,731 shares in the company, valued at $741,556.27. This trade represents a 5.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 42.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duluth

A number of institutional investors have recently modified their holdings of DLTH. International Assets Investment Management LLC purchased a new position in shares of Duluth in the 2nd quarter worth about $50,000. Taylor & Morgan Wealth Management LLC raised its holdings in 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 last quarter. Squarepoint Ops LLC bought a new position in shares of Duluth in the third quarter worth approximately $85,000. GSA Capital Partners LLP purchased a new stake in shares of Duluth during the third quarter valued at approximately $140,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after acquiring an additional 29,521 shares in the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Duluth Stock Performance

Shares of DLTH stock opened at $2.28 on Friday. The company’s fifty day moving average price is $2.36 and its 200-day moving average price is $2.78. The stock has a market cap of $83.74 million, a PE ratio of -2.62 and a beta of 1.85. 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 12 month low of $1.58 and a 12 month high of $4.66.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Tuesday, December 16th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.33. Duluth had a negative net margin of 5.03% and a negative return on equity of 11.51%. The business had revenue of $114.87 million for the quarter, compared to analyst estimates of $118.50 million. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. On average, equities analysts expect that Duluth will post -0.56 EPS for the current fiscal year.

About Duluth

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.