Duluth Holdings Inc. (NASDAQ:DLTH) Short Interest Update

Duluth Holdings Inc. (NASDAQ:DLTH) was the target of a large increase in short interest in 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 daily trading volume, of 1,200,000 shares, the short-interest ratio is presently 0.4 days. Approximately 2.8% of the shares of the stock are short sold. Approximately 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Several brokerages have issued reports on DLTH. Robert W. Baird raised Duluth from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $2.00 to $7.00 in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Duluth in a research report on Saturday, September 27th. Finally, Baird R W upgraded shares of Duluth from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.00.

Insider Activity at Duluth

In related news, CFO Heena Agrawal acquired 10,000 shares of the stock in a transaction dated Friday, September 26th. The shares were purchased at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the transaction, the chief financial officer owned 248,093 shares in the company, valued at $868,325.50. This represents a 4.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 42.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Duluth

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC increased its position in shares of Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after buying an additional 8,597 shares in the last quarter. Goldman Sachs Group Inc. grew its stake 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 period. Yarger Wealth Strategies LLC increased its holdings in Duluth by 124.5% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock worth $68,000 after acquiring an additional 17,978 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Duluth during the second quarter worth $50,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Stock Up 5.2%

Shares of NASDAQ:DLTH opened at $4.02 on Monday. The stock has a market cap of $147.49 million, a P/E ratio of -2.81 and a beta of 1.47. The company has a quick ratio of 0.29, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $2.90 and its 200 day moving average is $2.28. Duluth has a 52-week low of $1.58 and a 52-week high of $4.66.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.03 EPS for the quarter, beating 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 business had revenue of $131.72 million during the quarter, compared to analysts’ expectations of $124.03 million. Duluth has set its FY 2025 guidance at EPS. Sell-side analysts predict that Duluth will post -0.56 EPS for the current 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.