Short Interest in Duluth Holdings Inc. (NASDAQ:DLTH) Rises By 50.5%

Duluth Holdings Inc. (NASDAQ:DLTH) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 462,175 shares, a growth of 50.5% from the December 15th total of 307,101 shares. Based on an average daily volume of 280,441 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.2% of the shares of the company are sold short. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 280,441 shares, the days-to-cover ratio is currently 1.6 days.

Duluth News Summary

Here are the key news stories impacting Duluth this week:

• Neutral Sentiment: Third‑party financial comparison: A recent financial comparison piece contrasts Tandy Brands Accessories (OTC: TBACQ) with Duluth (DLTH); this is informational and doesn’t announce corporate actions or new guidance. Tandy Brands Accessories (OTCMKTS:TBACQ) vs. Duluth (NASDAQ:DLTH) Financial Comparison
• Neutral Sentiment: Regional real estate and infrastructure stories (office buildings for sale, 4th Street reconstruction, municipal plans) highlight local economic activity in Duluth but are unlikely to move DLTH stock, which is driven by retail performance and national sales. On the Market: Office buildings for sale offer value-add in Minnetonka, Duluth City of Duluth holds open house to introduce 4th Street reconstruction project
• Neutral Sentiment: Local economic headwinds: Coverage on a tough shipping season and economic strain at Duluth’s Twin Ports may signal regional weakness that could modestly affect local retail traffic, but this is unlikely to be a major driver for a national retailer like Duluth Trading Company. A tough shipping season ends with Duluth’s Twin Ports facing stiff economic headwinds Duluth’s Twin Ports faces stiff economic headwinds
• Neutral Sentiment: Other local news (community forums, school center naming submissions, public safety and missing‑child reports) do not pertain to Duluth Holdings’ operations or financials. Submissions open to name soon-to-be Duluth Public Schools education center
• Negative Sentiment: Investor litigation/investigation: Pomerantz LLP announced an investigation into claims on behalf of Duluth Holdings investors. Such announcements tend to weigh on small‑cap stocks like DLTH because they raise the prospect of shareholder suits, management distraction, potential settlements or reputational risk. This is the most direct negative item affecting DLTH today. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Duluth Holdings Inc. – DLTH

Duluth Price Performance

DLTH traded down $0.02 during midday trading on Friday, reaching $2.31. 42,151 shares of the company’s stock traded hands, compared to its average volume of 97,401. Duluth has a 52 week low of $1.58 and a 52 week high of $4.66. The company has a current ratio of 1.29, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $2.64 and a two-hundred day moving average of $2.76.

Duluth (NASDAQ:DLTH) last posted its earnings results on Tuesday, December 16th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.33. Duluth had a negative return on equity of 11.51% and a negative net margin of 5.03%.The firm had revenue of $114.87 million for the quarter, compared to analysts’ expectations of $118.50 million. During the same period in the previous year, the firm earned ($0.41) earnings per share. On average, equities analysts anticipate that Duluth will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Duluth

In related news, SVP Richard W. Schlecht purchased 18,052 shares of Duluth stock in a transaction dated Tuesday, December 23rd. The shares were bought at an average cost of $2.17 per share, for a total transaction of $39,172.84. Following the purchase, the senior vice president owned 341,731 shares in the company, valued at approximately $741,556.27. This trade represents a 5.58% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.94% of the company’s stock.

Institutional Investors Weigh In On Duluth

Several hedge funds have recently bought and sold shares of DLTH. Taylor & Morgan Wealth Management LLC increased its position in Duluth by 29.2% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 31,000 shares of the company’s stock valued at $64,000 after acquiring an additional 7,000 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Duluth during the 3rd quarter valued at about $85,000. Blair William & Co. IL increased its position in shares of Duluth by 17.2% during the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after purchasing an additional 16,678 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Duluth in the 3rd quarter worth approximately $140,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Duluth in the second quarter worth approximately $50,000. Institutional investors own 24.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DLTH. Wall Street Zen upgraded Duluth to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Duluth in a research report on Tuesday, October 14th. Singular Research upgraded shares of Duluth to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Robert W. Baird set a $5.00 target price on Duluth in a research report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Duluth has an average rating of “Buy” and an average target price of $5.00.

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.