Duluth Holdings Inc (NASDAQ:DLTH) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 4,081,100 shares, a growth of 16.5% from the May 30th total of 3,504,100 shares. Based on an average daily volume of 463,200 shares, the days-to-cover ratio is currently 8.8 days. Currently, 21.9% of the company’s stock are short sold.
Shares of DLTH traded up $0.82 during trading hours on Friday, hitting $13.64. The stock had a trading volume of 1,270,827 shares, compared to its average volume of 527,900. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.01 and a quick ratio of 0.35. Duluth has a 12 month low of $12.49 and a 12 month high of $35.67. The company has a market cap of $400.47 million, a price-to-earnings ratio of 18.94, a PEG ratio of 0.76 and a beta of 0.19. The firm has a fifty day moving average price of $14.44.
Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.01). Duluth had a return on equity of 10.97% and a net margin of 2.82%. The firm had revenue of $114.24 million during the quarter, compared to the consensus estimate of $114.08 million. During the same period in the previous year, the firm earned ($0.02) EPS. The business’s revenue was up 14.0% on a year-over-year basis. As a group, analysts forecast that Duluth will post 0.72 EPS for the current fiscal year.
Several research analysts have recently weighed in on the company. DA Davidson decreased their price target on Broadcom to $300.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Robert W. Baird upgraded Duluth from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Tuesday, May 7th. William Blair cut Duluth from an “outperform” rating to a “market perform” rating and set a $18.90 price target for the company. in a research note on Friday, April 5th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, BidaskClub cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.58.
In other news, COO Allen L. Dittrich sold 6,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $14.94, for a total value of $89,640.00. Following the completion of the transaction, the chief operating officer now owns 173,712 shares in the company, valued at $2,595,257.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 40.72% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of DLTH. William Blair Investment Management LLC bought a new stake in shares of Duluth in the first quarter worth $8,370,000. Oak Ridge Investments LLC grew its holdings in shares of Duluth by 37.8% in the first quarter. Oak Ridge Investments LLC now owns 506,659 shares of the company’s stock worth $12,079,000 after acquiring an additional 139,110 shares during the period. Wasatch Advisors Inc. grew its holdings in shares of Duluth by 107.8% in the first quarter. Wasatch Advisors Inc. now owns 251,489 shares of the company’s stock worth $5,995,000 after acquiring an additional 130,467 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of Duluth by 502.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 53,469 shares of the company’s stock worth $1,349,000 after acquiring an additional 44,595 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Duluth in the first quarter worth $366,000. 42.06% of the stock is owned by institutional investors.
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.
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