Duluth Sees Unusually High Options Volume (NASDAQ:DLTH)

Duluth Holdings Inc (NASDAQ:DLTH) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 1,766 call options on the company. This represents an increase of 1,799% compared to the typical daily volume of 93 call options.

NASDAQ DLTH opened at $11.02 on Thursday. The firm has a market cap of $298.30 million, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 0.58 and a beta of 0.30. The company has a quick ratio of 0.35, a current ratio of 2.01 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average price of $10.50 and a 200-day moving average price of $15.74. Duluth has a twelve month low of $8.36 and a twelve month high of $33.15.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). The business had revenue of $114.24 million during the quarter, compared to the consensus estimate of $114.08 million. Duluth had a return on equity of 10.97% and a net margin of 2.82%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned ($0.02) EPS. Research analysts expect that Duluth will post 0.71 EPS for the current fiscal year.

DLTH has been the topic of several research reports. ValuEngine lowered Duluth from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. Stifel Nicolaus decreased their price target on Duluth from $16.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. Zacks Investment Research cut Duluth from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. DA Davidson boosted their price target on Duluth to $15.00 and gave the stock a “neutral” rating in a research note on Friday, June 14th. Finally, BidaskClub upgraded Duluth from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.73.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its stake in shares of Duluth by 63.9% in the second quarter. Advisor Group Inc. now owns 2,569 shares of the company’s stock worth $35,000 after acquiring an additional 1,002 shares during the period. US Bancorp DE raised its holdings in shares of Duluth by 7.1% in the first quarter. US Bancorp DE now owns 24,794 shares of the company’s stock worth $591,000 after buying an additional 1,637 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Duluth by 4,431.6% in the first quarter. BNP Paribas Arbitrage SA now owns 1,722 shares of the company’s stock worth $41,000 after buying an additional 1,684 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Duluth in the first quarter worth approximately $48,000. Finally, Mesirow Financial Investment Management Inc. raised its holdings in shares of Duluth by 12.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 19,804 shares of the company’s stock worth $273,000 after buying an additional 2,127 shares during the period. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.

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