Duluth (NASDAQ:DLTH) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Duluth Holdings Inc. (NASDAQ:DLTHGet Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.57 and traded as low as $2.30. Duluth shares last traded at $2.40, with a volume of 40,717 shares.

Key Duluth News

Here are the key news stories impacting Duluth this week:

Analyst Ratings Changes

Several brokerages recently commented on DLTH. Wall Street Zen upgraded Duluth to a “hold” rating in a report on Friday, November 28th. Singular Research upgraded shares of Duluth to a “strong-buy” rating in a research report on Monday, October 13th. Robert W. Baird set a $5.00 price objective on shares of Duluth in a research note on Wednesday, December 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Duluth in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Read Our Latest Analysis on DLTH

Duluth Trading Up 2.1%

The company has a market cap of $88.15 million, a price-to-earnings ratio of -2.76 and a beta of 1.80. The firm’s 50-day moving average price is $2.57 and its 200 day moving average price is $2.76. The company has a current ratio of 1.29, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33.

Duluth (NASDAQ:DLTHGet Free Report) last posted its quarterly earnings results on Tuesday, December 16th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.33. Duluth had a negative net margin of 5.03% and a negative return on equity of 11.51%. The business had revenue of $114.87 million during the quarter, compared to analysts’ expectations of $118.50 million. During the same period last year, the company posted ($0.41) earnings per share. As a group, equities analysts expect that Duluth Holdings Inc. will post -0.56 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Richard W. Schlecht purchased 18,052 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were acquired at an average price of $2.17 per share, for a total transaction of $39,172.84. Following the completion of the acquisition, the senior vice president owned 341,731 shares in the company, valued at approximately $741,556.27. The trade was a 5.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 42.94% of the company’s stock.

Hedge Funds Weigh In On Duluth

A number of institutional investors have recently modified their holdings of DLTH. Blair William & Co. IL grew its position in Duluth by 17.2% in the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after purchasing an additional 16,678 shares during the period. Empowered Funds LLC grew its holdings in shares of Duluth by 9.3% during 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 during the last quarter. 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 acquiring an additional 29,521 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Duluth in the 3rd quarter worth about $140,000. Finally, Yarger Wealth Strategies LLC lifted its position in Duluth by 124.5% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock valued at $68,000 after acquiring an additional 17,978 shares in the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

Duluth Company Profile

(Get Free Report)

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.

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