Duluth (NASDAQ:DLTH) Share Price Crosses Below 50-Day Moving Average of $3.67

Shares of Duluth Holdings Inc (NASDAQ:DLTH) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.67 and traded as low as $3.27. Duluth shares last traded at $3.31, with a volume of 143,348 shares trading hands.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their price target on Duluth from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, May 31st.

Duluth Price Performance

The company has a 50 day moving average price of $3.66 and a 200 day moving average price of $4.24. The company has a market capitalization of $105.88 million, a price-to-earnings ratio of -8.15 and a beta of 1.37. The company has a current ratio of 1.79, a quick ratio of 0.37 and a debt-to-equity ratio of 0.27.

Duluth (NASDAQ:DLTH) last released its earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The firm had revenue of $116.68 million during the quarter, compared to analyst estimates of $119.70 million. Duluth had a negative net margin of 2.09% and a negative return on equity of 6.11%. As a group, equities research analysts forecast that Duluth Holdings Inc will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Duluth in the 2nd quarter worth $38,000. Yarger Wealth Strategies LLC bought a new position in shares of Duluth in the 2nd quarter worth $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Duluth in the 2nd quarter worth $72,000. Virtu Financial LLC bought a new position in shares of Duluth in the 1st quarter worth $73,000. Finally, Taylor & Morgan Wealth Management LLC lifted its holdings in Duluth by 25.0% during the second quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock worth $74,000 after acquiring an additional 4,000 shares in the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

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.