Duluth (NASDAQ:DLTH) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Duluth Holdings Inc. (NASDAQ:DLTH)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.75 and traded as high as $4.70. Duluth shares last traded at $4.54, with a volume of 133,791 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Zacks Research upgraded Duluth from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Finally, Wall Street Zen raised shares of Duluth to a “hold” rating in a report on Saturday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $5.00.

Duluth Price Performance

The company has a fifty day simple moving average of $3.75 and a 200 day simple moving average of $2.95. The stock has a market capitalization of $172.52 million, a price-to-earnings ratio of -14.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.30 and a current ratio of 1.62.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Monday, June 8th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.19. Duluth had a negative return on equity of 3.69% and a negative net margin of 2.00%.The company had revenue of $98.59 million during the quarter, compared to analysts’ expectations of $93.69 million. Equities research analysts forecast that Duluth Holdings Inc. will post -0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its position in shares of Duluth by 114.8% in the 1st quarter. Sei Investments Co. now owns 363,551 shares of the company’s stock worth $1,149,000 after purchasing an additional 194,302 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after buying an additional 29,521 shares during the period. Quadrature Capital Ltd bought a new position in Duluth during the fourth quarter worth $52,000. Squarepoint Ops LLC bought a new position in Duluth during the third quarter worth $85,000. Finally, Blair William & Co. IL lifted its holdings in Duluth by 17.2% in the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after buying an additional 16,678 shares during the period. Institutional investors own 24.39% of the company’s stock.

About Duluth

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.