Duluth (NASDAQ:DLTH) Shares Pass Above 50-Day Moving Average – Time to Sell?

Duluth Holdings Inc. (NASDAQ:DLTH) shares 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.

Key Stories Impacting Duluth

Here are the key news stories impacting Duluth this week:

• Positive Sentiment: Duluth Holdings’ stock has broken above its 50-day moving average, a bullish technical signal that may be supporting investor interest. Duluth (NASDAQ:DLTH) Share Price Passes Above Fifty Day Moving Average – Should You Sell?
• Neutral Sentiment: The rest of the recent headlines are about local Duluth, Minnesota news—crime, public safety, community events, and a recreation plan—and do not appear to have any direct impact on Duluth Holdings’ fundamentals or operations.

Analysts Set New Price Targets

Several analysts have recently commented 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 Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Finally, Wall Street Zen raised Duluth to a “hold” rating in a report on Saturday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $5.00.

Duluth Stock Performance

The business’s 50-day simple moving average is $3.76 and its 200-day simple moving average is $2.96. The company has a market capitalization of $169.10 million, a price-to-earnings ratio of -13.91 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 announced its quarterly earnings data on Monday, June 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.19. Duluth had a negative net margin of 2.00% and a negative return on equity of 3.69%. The firm had revenue of $98.59 million for the quarter, compared to analysts’ expectations of $93.69 million. On average, research analysts expect that Duluth Holdings Inc. will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of Duluth

A number of institutional investors and hedge funds have recently modified their holdings of DLTH. Sei Investments Co. boosted its stake in Duluth by 114.8% during the 1st quarter. Sei Investments Co. now owns 363,551 shares of the company’s stock worth $1,149,000 after acquiring an additional 194,302 shares during the last quarter. Blair William & Co. IL increased its stake 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 purchasing an additional 16,678 shares in the last quarter. Empowered Funds LLC raised its holdings in Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock worth $177,000 after purchasing an additional 8,597 shares during the period. Goldman Sachs Group Inc. boosted 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 purchasing an additional 29,521 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Duluth by 32.2% during the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock worth $121,000 after purchasing an additional 14,136 shares in the last quarter. 24.39% of the stock is owned by institutional investors.

Duluth Company Profile

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.