Short Interest in Duluth Holdings Inc (NASDAQ:DLTH) Decreases By 15.6%

Duluth Holdings Inc (NASDAQ:DLTH) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 302,900 shares, a decline of 15.6% from the October 15th total of 358,900 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 109,900 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of Duluth

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Duluth by 142.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after buying an additional 134,520 shares during the period. Marshall Wace LLP bought a new stake in Duluth in the second quarter worth about $432,000. GSA Capital Partners LLP lifted its holdings in Duluth by 288.9% in the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock valued at $394,000 after acquiring an additional 77,825 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Duluth by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after purchasing an additional 64,281 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Duluth in the 2nd quarter worth approximately $226,000. 24.39% of the stock is owned by institutional investors and hedge funds.

Duluth Stock Performance

Duluth stock traded down $0.16 during mid-day trading on Friday, hitting $3.50. 35,804 shares of the company’s stock traded hands, compared to its average volume of 93,374. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. Duluth has a one year low of $3.09 and a one year high of $5.82. The firm has a 50 day moving average price of $3.81 and a 200 day moving average price of $3.81. The company has a market cap of $110.85 million, a PE ratio of -7.61 and a beta of 1.34.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, August 29th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.10. The business had revenue of $141.62 million for the quarter, compared to analysts’ expectations of $132.30 million. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. During the same period in the previous year, the business earned ($0.06) earnings per share. On average, equities analysts forecast that Duluth will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Duluth from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th.

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.