Short Interest in Duluth Holdings Inc (NASDAQ:DLTH) Drops By 7.4%

Duluth Holdings Inc (NASDAQ:DLTH - Get Free Report) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 292,600 shares, a decline of 7.4% from the January 15th total of 316,100 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average trading volume of 50,700 shares, the short-interest ratio is currently 5.8 days.

Analyst Upgrades and Downgrades

DLTH has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on Duluth from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Friday, December 6th. StockNews.com initiated coverage on Duluth in a research note on Friday. They issued a "hold" rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fruth Investment Management acquired a new position in Duluth during the fourth quarter valued at approximately $42,000. Taylor & Morgan Wealth Management LLC raised its position in Duluth by 22.7% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 27,000 shares of the company's stock valued at $83,000 after purchasing an additional 5,000 shares in the last quarter. Guardian Wealth Management Inc. acquired a new position in Duluth during the fourth quarter valued at approximately $96,000. JPMorgan Chase & Co. raised its position in Duluth by 106.5% during the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company's stock valued at $122,000 after purchasing an additional 16,743 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Duluth by 301.7% during the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company's stock valued at $155,000 after purchasing an additional 30,922 shares in the last quarter. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Duluth Price Performance

Shares of DLTH stock traded up $0.01 during trading on Friday, hitting $2.74. The company had a trading volume of 14,037 shares, compared to its average volume of 31,763. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30. The firm has a market capitalization of $87.16 million, a P/E ratio of -2.77 and a beta of 1.33. The stock's 50-day moving average price is $3.02 and its 200 day moving average price is $3.45. Duluth has a one year low of $2.71 and a one year high of $5.08.

Duluth (NASDAQ:DLTH - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.13). Duluth had a negative net margin of 5.26% and a negative return on equity of 7.28%. Equities analysts expect that Duluth will post -0.56 EPS for the current fiscal year.

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.