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

Duluth Holdings Inc. (NASDAQ:DLTH) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $4.04 and traded as low as $4.00. Duluth shares last traded at $4.04, with a volume of 27,100 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on DLTH shares. Robert W. Baird lowered shares of Duluth from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report on Friday, September 4th. Weiss Ratings upgraded shares of Duluth from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Wall Street Zen raised shares of Duluth from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Zacks Research cut shares of Duluth from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.00.

Duluth Stock Down 0.5%

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 0.59. The stock has a fifty day moving average price of $4.04 and a two-hundred day moving average price of $3.91.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.51. Duluth had a net margin of 1.07% and a negative return on equity of 3.03%. The firm had revenue of $121.39 million during the quarter, compared to the consensus estimate of $119.91 million. On average, equities analysts forecast that Duluth Holdings Inc. will post -0.35 EPS for the current year.

Institutional Investors Weigh In On Duluth

Several institutional investors and hedge funds have recently bought and sold shares of DLTH. Madison Asset Management LLC bought a new position in Duluth in the second quarter worth about $3,417,000. Tieton Capital Management LLC bought a new position in shares of Duluth during the second quarter valued at approximately $3,255,000. Sei Investments Co. grew its holdings in shares of Duluth by 114.8% during the first quarter. Sei Investments Co. now owns 363,551 shares of the company’s stock valued at $1,149,000 after purchasing an additional 194,302 shares during the last quarter. Yarger Wealth Strategies LLC grew its holdings in shares of Duluth by 131.3% during the second quarter. Yarger Wealth Strategies LLC now owns 74,973 shares of the company’s stock valued at $336,000 after purchasing an additional 42,554 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Duluth during the 2nd quarter worth approximately $108,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Duluth Company Profile

Duluth Holdings Inc, doing business as Duluth Trading Company, is an American lifestyle and workwear retailer serving customers through its e-commerce website, catalogs and retail stores. The company offers apparel and accessories designed for work, outdoor activities and everyday use, with an emphasis on durability, comfort and functional features.

Its product assortment includes men’s and women’s shirts, pants, jackets, underwear, footwear and accessories, as well as selected workwear and outdoor products.