Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Down 7.4% in January

Duluth Holdings Inc (NASDAQ:DLTH) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 292,600 shares, a decrease of 7.4% from the January 15th total of 316,100 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 50,700 shares, the short-interest ratio is currently 5.8 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in shares of Duluth by 301.7% during the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock valued at $155,000 after buying an additional 30,922 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Duluth by 288.9% during the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after acquiring an additional 77,825 shares during the period. Empowered Funds LLC raised its position in shares of Duluth by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after acquiring an additional 4,422 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Duluth by 142.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after purchasing an additional 134,520 shares during the period. Finally, Barclays PLC boosted its position in shares of Duluth by 101.6% during the third quarter. Barclays PLC now owns 92,318 shares of the company’s stock valued at $347,000 after purchasing an additional 46,527 shares in the last quarter. 24.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DLTH has been the topic of several analyst reports. Robert W. Baird decreased their price objective on Duluth from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, December 6th. StockNews.com began coverage on Duluth in a research report on Thursday, February 13th. They issued a “hold” rating for the company.

Duluth Trading Down 1.0 %

Duluth stock traded down $0.03 during trading hours on Tuesday, reaching $2.90. The stock had a trading volume of 14,238 shares, compared to its average volume of 32,288. Duluth has a 52 week low of $2.73 and a 52 week high of $5.08. The stock has a market cap of $92.25 million, a PE ratio of -2.93 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.16. The company has a fifty day simple moving average of $3.05 and a 200-day simple moving average of $3.47.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). Duluth had a negative return on equity of 7.28% and a negative net margin of 5.26%. Analysts forecast that Duluth will post -0.56 EPS for the current fiscal year.

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.