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

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

Duluth Trading Up 0.4%

Shares of NASDAQ DLTH traded up $0.01 during trading on Friday, reaching $2.28. 48,494 shares of the company traded hands, compared to its average volume of 58,206. The firm’s fifty day simple moving average is $2.36 and its 200 day simple moving average is $2.79. 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 has a 12-month low of $1.58 and a 12-month high of $4.66.

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

Insider Buying and Selling

In other Duluth 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 cost 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 in the company, valued at approximately $741,556.27. This trade represents a 5.58% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Duluth during the third quarter worth approximately $140,000. Goldman Sachs Group Inc. boosted its stake in Duluth by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after purchasing an additional 29,521 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Duluth during the second quarter worth $50,000. Squarepoint Ops LLC acquired a new stake in shares of Duluth in the third quarter valued at about $85,000. Finally, Blair William & Co. IL lifted its stake in shares of Duluth by 17.2% in the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after buying an additional 16,678 shares in the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Wall Street Analyst Weigh In

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

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.