Duluth Holdings Inc (NASDAQ:DLTH) Sees Significant Growth in Short Interest

Duluth Holdings Inc (NASDAQ:DLTHGet Rating) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,150,000 shares, an increase of 5.5% from the July 15th total of 1,090,000 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average trading volume of 92,200 shares, the days-to-cover ratio is currently 12.5 days.

Institutional Investors Weigh In On Duluth

Several institutional investors have recently bought and sold shares of the stock. Ironwood Investment Management LLC grew its holdings in Duluth by 1.8% during the fourth quarter. Ironwood Investment Management LLC now owns 44,044 shares of the company’s stock worth $669,000 after buying an additional 766 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Duluth by 7.9% during the second quarter. Victory Capital Management Inc. now owns 15,258 shares of the company’s stock worth $146,000 after buying an additional 1,119 shares in the last quarter. Strs Ohio grew its stake in Duluth by 5.9% in the 2nd quarter. Strs Ohio now owns 23,400 shares of the company’s stock valued at $223,000 after purchasing an additional 1,300 shares during the period. State Street Corp grew its stake in Duluth by 0.7% in the 2nd quarter. State Street Corp now owns 253,414 shares of the company’s stock valued at $2,418,000 after purchasing an additional 1,640 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Duluth by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 152,832 shares of the company’s stock valued at $1,870,000 after purchasing an additional 1,764 shares during the period. Institutional investors own 29.03% of the company’s stock.

Duluth Stock Down 2.3 %

Duluth stock traded down $0.24 during trading on Wednesday, hitting $10.08. 1,879 shares of the company were exchanged, compared to its average volume of 66,329. The business’s 50 day moving average is $10.03 and its 200 day moving average is $11.86. Duluth has a 52 week low of $9.06 and a 52 week high of $17.25. The company has a market capitalization of $302.40 million, a P/E ratio of 11.84 and a beta of 0.86. The company has a current ratio of 1.98, a quick ratio of 0.57 and a debt-to-equity ratio of 0.30.

Duluth (NASDAQ:DLTHGet Rating) last announced its quarterly earnings results on Thursday, June 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.24. Duluth had a return on equity of 14.45% and a net margin of 4.05%. The business had revenue of $122.90 million during the quarter, compared to the consensus estimate of $116.10 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Analysts predict that Duluth will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DLTH shares. Stifel Nicolaus decreased their price objective on Duluth from $17.00 to $14.00 in a report on Wednesday, July 20th. Robert W. Baird downgraded Duluth from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $11.00 in a report on Thursday, August 4th. Finally, StockNews.com downgraded Duluth from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 11th.

Duluth Company Profile

(Get Rating)

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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