Duluth Holdings Inc. (NASDAQ:DLTH) Sees Significant Growth in Short Interest

Duluth Holdings Inc. (NASDAQ:DLTH) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 467,100 shares, an increase of 99.3% from the August 31st total of 234,400 shares. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is currently 0.4 days. Currently, 2.8% of the shares of the company are sold short. Currently, 2.8% of the shares of the company are sold short. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is currently 0.4 days.

Insider Transactions at Duluth

In other news, CFO Heena Agrawal purchased 10,000 shares of the stock in a transaction on Friday, September 26th. The stock was bought at an average price of $3.50 per share, with a total value of $35,000.00. Following the transaction, the chief financial officer owned 248,093 shares in the company, valued at $868,325.50. The trade was a 4.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.94% of the stock is owned by company insiders.

Institutional Trading of Duluth

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Duluth in the 2nd quarter valued at $50,000. Yarger Wealth Strategies LLC grew its stake in Duluth by 124.5% during the 2nd 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after acquiring an additional 29,521 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Duluth by 9.3% in the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock worth $177,000 after purchasing an additional 8,597 shares in the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLTH has been the topic of a number of recent research reports. Robert W. Baird upgraded Duluth from a “neutral” rating to an “outperform” rating and upped their target price for the company from $2.00 to $7.00 in a research report on Friday, September 5th. Baird R W upgraded Duluth from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Duluth in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Duluth Stock Down 3.7%

Duluth stock opened at $3.87 on Tuesday. Duluth has a 12 month low of $1.58 and a 12 month high of $4.66. The stock has a market capitalization of $142.00 million, a PE ratio of -2.71 and a beta of 1.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 0.29. The business has a 50 day simple moving average of $2.93 and a 200-day simple moving average of $2.29.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.03 EPS for the quarter, topping 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 company had revenue of $131.72 million during the quarter, compared to analyst estimates of $124.03 million. Duluth has set its FY 2025 guidance at EPS. On average, analysts anticipate that Duluth will post -0.56 EPS for the current fiscal year.

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.