Duluth (NASDAQ:DLTH) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Duluth Holdings Inc. (NASDAQ:DLTH)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.30 and traded as low as $2.16. Duluth shares last traded at $2.22, with a volume of 19,322 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DLTH. Wall Street Zen upgraded Duluth to a “hold” rating in a report on Friday, November 28th. Robert W. Baird set a $5.00 target price on shares of Duluth in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Duluth presently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Duluth Trading Down 0.4%

The company has a quick ratio of 0.21, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. The firm has a market cap of $81.54 million, a price-to-earnings ratio of -2.55 and a beta of 1.84. The company has a 50-day moving average price of $2.30 and a 200 day moving average price of $2.79.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Tuesday, December 16th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.33. The firm had revenue of $114.87 million for the quarter, compared to analyst estimates of $118.50 million. Duluth had a negative return on equity of 11.51% and a negative net margin of 5.03%.During the same period in the previous year, the firm earned ($0.41) earnings per share. As a group, research analysts anticipate that Duluth Holdings Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Duluth

In other Duluth news, SVP Richard W. Schlecht bought 18,052 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were bought at an average price of $2.17 per share, for a total transaction of $39,172.84. Following the acquisition, the senior vice president directly owned 341,731 shares of the company’s stock, valued at approximately $741,556.27. This trade represents a 5.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.94% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new position in Duluth in the 4th quarter valued at approximately $52,000. Barclays PLC boosted its stake in shares of Duluth by 32.2% during the 4th quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after buying an additional 14,136 shares during the period. Taylor & Morgan Wealth Management LLC grew its holdings in shares of Duluth by 29.2% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 31,000 shares of the company’s stock valued at $64,000 after acquiring an additional 7,000 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Duluth during the 3rd quarter valued at $85,000. Finally, Blair William & Co. IL increased its stake in shares of Duluth by 17.2% in the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after acquiring an additional 16,678 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

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.