Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Update

Duluth Holdings Inc (NASDAQ:DLTH) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 302,900 shares, a drop of 15.6% from the October 15th total of 358,900 shares. Based on an average daily volume of 109,900 shares, the short-interest ratio is presently 2.8 days. Currently, 1.5% of the company’s shares are sold short.

Duluth Stock Down 4.4 %

Shares of DLTH stock traded down $0.16 during trading hours on Friday, reaching $3.50. The company had a trading volume of 35,804 shares, compared to its average volume of 93,374. The stock’s fifty day simple moving average is $3.81 and its 200 day simple moving average is $3.81. The company has a market capitalization of $110.85 million, a P/E ratio of -7.61 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63. Duluth has a twelve month low of $3.09 and a twelve month high of $5.82.

Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.10. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. The business had revenue of $141.62 million for the quarter, compared to analysts’ expectations of $132.30 million. During the same period in the previous year, the company posted ($0.06) earnings per share. As a group, sell-side analysts expect that Duluth will post -0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Duluth

Several hedge funds and other institutional investors have recently bought and sold shares of DLTH. International Assets Investment Management LLC acquired a new stake in shares of Duluth in the 2nd quarter valued at about $38,000. Yarger Wealth Strategies LLC bought a new position in Duluth during the 2nd quarter worth approximately $53,000. Virtu Financial LLC acquired a new position in shares of Duluth in the 1st quarter worth approximately $73,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Duluth during the 2nd quarter valued at approximately $72,000. Finally, Taylor & Morgan Wealth Management LLC boosted its holdings in Duluth by 25.0% in the second quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock worth $74,000 after purchasing an additional 4,000 shares during the period. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

About Duluth

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.