Short Interest in Duluth Holdings Inc (NASDAQ:DLTH) Increases By 9.6%

Duluth Holdings Inc (NASDAQ:DLTH) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 358,900 shares, a growth of 9.6% from the September 30th total of 327,400 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average trading volume of 120,000 shares, the short-interest ratio is presently 3.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Duluth from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Duluth in the 2nd quarter worth about $38,000. Yarger Wealth Strategies LLC purchased a new stake in shares of Duluth in the second quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Duluth in the second quarter worth approximately $72,000. Virtu Financial LLC purchased a new position in Duluth during the 1st quarter worth $73,000. Finally, Taylor & Morgan Wealth Management LLC raised its position in Duluth by 25.0% during the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock valued at $74,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Price Performance

Shares of NASDAQ:DLTH opened at $3.71 on Wednesday. The firm has a market capitalization of $117.61 million, a PE ratio of -9.05 and a beta of 1.34. The business has a 50 day simple moving average of $3.78 and a two-hundred day simple moving average of $3.87. Duluth has a 1 year low of $3.09 and a 1 year high of $5.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 0.30.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.10. Duluth had a negative return on equity of 5.52% and a negative net margin of 2.35%. The firm had revenue of $141.62 million during the quarter, compared to analyst estimates of $132.30 million. During the same period last year, the company earned ($0.06) EPS. On average, equities analysts predict that Duluth will post -0.16 EPS for the current year.

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.