Duluth Holdings Inc. (NASDAQ:DLTH) Short Interest Update

Duluth Holdings Inc. (NASDAQ:DLTH) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 467,100 shares, a growth of 99.3% from the August 31st total of 234,400 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 0.4 days. Approximately 2.8% of the company’s stock are sold short.

Insiders Place Their Bets

In related news, CFO Heena Agrawal acquired 10,000 shares of Duluth stock in a transaction dated Friday, September 26th. The stock was acquired at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the transaction, the chief financial officer owned 248,093 shares of the company’s stock, valued at $868,325.50. This represents a 4.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.94% of the company’s stock.

Institutional Investors Weigh In On Duluth

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in Duluth during the second quarter worth $50,000. Yarger Wealth Strategies LLC boosted its stake in shares of Duluth by 124.5% during the second quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock valued at $68,000 after acquiring an additional 17,978 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Duluth by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after purchasing an additional 29,521 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Duluth by 9.3% in the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after purchasing an additional 8,597 shares during the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Trading Up 5.2%

NASDAQ:DLTH opened at $4.02 on Monday. Duluth has a 52-week low of $1.58 and a 52-week high of $4.66. The company has a quick ratio of 0.29, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $2.90 and a 200-day simple moving average of $2.28. The company has a market capitalization of $147.49 million, a PE ratio of -2.81 and a beta of 1.47.

Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, September 4th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.08. Duluth had a negative net margin of 7.99% and a negative return on equity of 14.31%. The firm had revenue of $131.72 million during the quarter, compared to the consensus estimate of $124.03 million. Duluth has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Duluth will post -0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Duluth in a research note on Saturday, September 27th. Baird R W raised Duluth from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Robert W. Baird raised Duluth from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $2.00 to $7.00 in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

About Duluth

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.