Duluth (NASDAQ:DLTH) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Duluth Holdings Inc. (NASDAQ:DLTH) 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 traded.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DLTH shares. Wall Street Zen raised Duluth to a “hold” rating in a research note on Saturday, May 23rd. Zacks Research raised Duluth from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings upgraded Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Duluth currently has an average rating of “Buy” and a consensus price target of $5.00.

Duluth Stock Performance

The firm has a market capitalization of $172.52 million, a P/E ratio of -14.19 and a beta of 1.36. The company’s 50 day moving average is $3.75 and its 200-day moving average is $2.95. The company has a quick ratio of 0.30, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $93.69 million. As a group, equities analysts anticipate that Duluth Holdings Inc. will post -0.26 EPS for the current year.

Institutional Trading of Duluth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLTH. Sei Investments Co. raised 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 buying an additional 194,302 shares during the period. Goldman Sachs Group Inc. grew its stake in Duluth by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after acquiring an additional 29,521 shares during the period. Quadrature Capital Ltd acquired a new stake in Duluth in the fourth quarter valued at approximately $52,000. Squarepoint Ops LLC bought a new stake in shares of Duluth during the third quarter valued at approximately $85,000. Finally, Blair William & Co. IL increased 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 valued at $444,000 after acquiring an additional 16,678 shares in the last quarter. 24.39% of the stock is owned by 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.