Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Update

Duluth Holdings Inc (NASDAQ:DLTH) saw a significant 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. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 109,900 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Duluth

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Duluth during the second quarter valued at approximately $38,000. Yarger Wealth Strategies LLC bought a new position in shares of Duluth during the 2nd quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Duluth in the 2nd quarter worth $72,000. Virtu Financial LLC bought a new stake in shares of Duluth in the first quarter worth $73,000. Finally, Taylor & Morgan Wealth Management LLC lifted 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 valued at $74,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 24.39% of the company’s stock.

Duluth Stock Down 5.4 %

Shares of DLTH stock traded down $0.19 during trading hours on Monday, hitting $3.31. 30,290 shares of the company’s stock traded hands, compared to its average volume of 93,091. The stock’s fifty day simple moving average is $3.81 and its two-hundred day simple moving average is $3.81. The stock has a market cap of $104.83 million, a price-to-earnings ratio of -7.59 and a beta of 1.34. Duluth has a 12-month low of $3.09 and a 12-month high of $5.82. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

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

Analyst Upgrades and Downgrades

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

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.