Duluth (NASDAQ:DLTH) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Duluth Holdings Inc. (NASDAQ:DLTHGet Free Report)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-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 traded.

Trending Headlines about Duluth

Here are the key news stories impacting Duluth this week:

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on DLTH

Duluth Trading Down 2.7%

The company has a market cap of $79.34 million, a price-to-earnings ratio of -2.48 and a beta of 1.84. The company has a current ratio of 1.29, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average price is $2.30 and its 200-day moving average price is $2.79.

Duluth (NASDAQ:DLTHGet Free Report) last announced its quarterly earnings results on Tuesday, December 16th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.33. The business had revenue of $114.87 million for the quarter, compared to analyst estimates of $118.50 million. Duluth had a negative net margin of 5.03% and a negative return on equity of 11.51%. During the same quarter in the prior year, the business earned ($0.41) EPS. On average, equities analysts anticipate that Duluth Holdings Inc. will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling at Duluth

In other news, SVP Richard W. Schlecht bought 18,052 shares of the 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 completion of the purchase, the senior vice president owned 341,731 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.94% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its holdings in shares of Duluth by 17.2% during the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after buying an additional 16,678 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after acquiring an additional 8,597 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Duluth in the fourth quarter valued at about $52,000. Barclays PLC increased its position in Duluth by 32.2% during the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock worth $121,000 after acquiring an additional 14,136 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Duluth during the third quarter worth about $85,000. 24.39% of the stock is owned by institutional investors and hedge funds.

About Duluth

(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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