Duluth Holdings Inc (NASDAQ:DLTH – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 773,200 shares, a decrease of 12.4% from the July 15th total of 883,000 shares. Based on an average daily volume of 123,000 shares, the days-to-cover ratio is presently 6.3 days. Currently, 3.8% of the company’s stock are short sold.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird lowered their price objective on Duluth from $5.00 to $4.50 and set a “neutral” rating for the company in a research note on Friday, May 31st.
Read Our Latest Report on DLTH
Institutional Trading of Duluth
Duluth Stock Performance
Shares of DLTH traded down $0.04 on Monday, reaching $3.30. 89,415 shares of the company’s stock traded hands, compared to its average volume of 87,438. The company has a current ratio of 1.79, a quick ratio of 0.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $104.61 million, a PE ratio of -8.20 and a beta of 1.37. The stock’s 50 day simple moving average is $3.66 and its two-hundred day simple moving average is $4.23. Duluth has a 52-week low of $3.20 and a 52-week high of $7.73.
Duluth (NASDAQ:DLTH – Get Free Report) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The business had revenue of $116.68 million for the quarter, compared to analysts’ expectations of $119.70 million. Duluth had a negative net margin of 2.09% and a negative return on equity of 6.11%. On average, analysts forecast that Duluth will post -0.23 earnings per share for the current fiscal year.
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.
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