Duluth (NASDAQ:DLTH) Trading 7.6% Higher – Here’s Why

Duluth Holdings Inc. (NASDAQ:DLTH) traded up 7.6% during trading on Monday . The company traded as high as $3.57 and last traded at $3.56. 195,170 shares changed hands during mid-day trading, an increase of 78% from the average session volume of 109,880 shares. The stock had previously closed at $3.31.

Key Headlines Impacting Duluth

Here are the key news stories impacting Duluth this week:

• Positive Sentiment: Local downtown promotion “Get Downtown” could boost short-term foot traffic and retail sales in Duluth, which may modestly help local store-level sales for apparel/retail operators with a footprint in the region. Coffee Conversation: Downtown Duluth celebrating city for “Get Downtown”
• Positive Sentiment: A new L&L Hawaiian Barbecue location opened in Duluth, GA — a sign of ongoing local restaurant/consumer demand in at least some Duluth markets, which is modestly positive for retailers reliant on consumer spending. L&L Hawaiian Barbecue Opens in Duluth, Georgia
• Neutral Sentiment: Historical/local interest pieces (e.g., relocation of the Flame restaurant; Duluth naming its first poet laureate; a Babe Ruth–connected baseball story) are community color with no material impact on a national retail apparel chain. Bygones: Duluth’s Flame restaurant moved locations in 1956 Bygones: Duluth named first poet laureate 20 years ago Babe Ruth ball pops up with a mystery
• Neutral Sentiment: High‑profile local real-estate listing: Kathy Cargill listed a Duluth home for ~$4M (covered by multiple outlets). This is local real‑estate news and unlikely to materially affect DLTH’s fundamentals, though it’s relevant to local wealth/consumer sentiment. Following years of controversy, Kathy Cargill lists Duluth home for $4 million
• Negative Sentiment: Lakeside Early Learning will permanently close in June, which is a small negative for local employment and neighborhood consumer demand; localized closures can reduce foot traffic for nearby retailers. Lakeside Early Learning in Duluth will permanently close in June
• Negative Sentiment: Multiple recent whistleblower suits and accusations against Duluth city leadership/police create governance/legal uncertainty locally; prolonged municipal controversies can weigh on business confidence and local consumer sentiment. Second “whistleblower” lawsuit within past six months filed against City of Duluth Whistleblower lawsuit filed against Duluth Police from drug team leader

Duluth Stock Performance

The stock has a market cap of $131.60 million, a P/E ratio of -7.46 and a beta of 1.48. The stock has a fifty day simple moving average of $2.70 and a 200-day simple moving average of $2.72. The company has a quick ratio of 0.38, a current ratio of 1.59 and a debt-to-equity ratio of 0.31.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.14. The company had revenue of $215.89 million during the quarter, compared to analysts’ expectations of $210.65 million. Duluth had a negative return on equity of 5.95% and a negative net margin of 2.90%. Equities analysts expect that Duluth Holdings Inc. will post -0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duluth

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in shares of Duluth in the 4th quarter valued at $52,000. Taylor & Morgan Wealth Management LLC raised its stake in Duluth by 29.2% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 31,000 shares of the company’s stock worth $64,000 after buying an additional 7,000 shares during the period. Squarepoint Ops LLC bought a new position in Duluth during the third quarter worth about $85,000. Barclays PLC lifted its holdings in Duluth by 32.2% during the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock worth $121,000 after acquiring an additional 14,136 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Duluth in the third quarter valued at about $140,000. 24.39% of the stock is owned by institutional investors.

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.