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

Duluth Holdings Inc (NASDAQ:DLTHGet Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 952,700 shares, a growth of 5.7% from the February 29th total of 901,300 shares. Currently, 4.8% of the company’s shares are sold short. Based on an average daily volume of 66,000 shares, the short-interest ratio is presently 14.4 days.

Duluth Price Performance

Duluth stock opened at $4.80 on Thursday. Duluth has a 12-month low of $4.20 and a 12-month high of $7.88. The stock has a market capitalization of $149.04 million, a P/E ratio of -16.55 and a beta of 1.25. The firm’s 50-day moving average is $4.80 and its two-hundred day moving average is $5.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.77 and a quick ratio of 0.54.

Duluth (NASDAQ:DLTHGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). Duluth had a negative return on equity of 4.24% and a negative net margin of 1.45%. The firm had revenue of $245.61 million for the quarter, compared to analyst estimates of $241.80 million. During the same period in the prior year, the business earned $0.23 earnings per share. Equities analysts predict that Duluth will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

Several hedge funds have recently modified their holdings of DLTH. Swiss National Bank boosted its position in shares of Duluth by 5.6% in the first quarter. Swiss National Bank now owns 49,200 shares of the company’s stock worth $602,000 after acquiring an additional 2,600 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Duluth by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 58,907 shares of the company’s stock worth $720,000 after acquiring an additional 3,461 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Duluth in the first quarter worth approximately $171,000. Acadian Asset Management LLC boosted its position in shares of Duluth by 44.8% in the first quarter. Acadian Asset Management LLC now owns 51,089 shares of the company’s stock worth $623,000 after acquiring an additional 15,812 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Duluth by 179.4% in the first quarter. Panagora Asset Management Inc. now owns 35,700 shares of the company’s stock worth $437,000 after acquiring an additional 22,922 shares during the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

About Duluth

(Get Free Report)

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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