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

Duluth Holdings Inc (NASDAQ:DLTH) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 292,600 shares, a drop of 7.4% from the January 15th total of 316,100 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average trading volume of 50,700 shares, the days-to-cover ratio is presently 5.8 days.

Institutional Investors Weigh In On Duluth

Several hedge funds have recently bought and sold shares of DLTH. Empowered Funds LLC increased its position in 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 purchasing an additional 4,422 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Duluth by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock worth $863,000 after purchasing an additional 4,459 shares in the last quarter. Taylor & Morgan Wealth Management LLC raised its holdings in Duluth by 22.7% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $83,000 after buying an additional 5,000 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Duluth by 14.2% during the 4th quarter. Northern Trust Corp now owns 62,462 shares of the company’s stock valued at $193,000 after acquiring an additional 7,769 shares during the last quarter. Finally, Fruth Investment Management acquired a new stake in Duluth in the 4th quarter worth approximately $42,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

Duluth Trading Down 1.7 %

Shares of Duluth stock traded down $0.05 during trading on Monday, hitting $2.93. The stock had a trading volume of 6,115 shares, compared to its average volume of 27,297. Duluth has a 1 year low of $2.73 and a 1 year high of $5.08. The stock has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $3.47. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $93.20 million, a PE ratio of -2.96 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

DLTH has been the topic of a number of recent research reports. Robert W. Baird decreased their target price 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 initiated coverage on Duluth in a research report on Thursday. They issued a “hold” rating for the company.

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.