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

by · The Markets Daily

Duluth Holdings Inc. (NASDAQ:DLTHGet Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.57 and traded as low as $2.30. Duluth shares last traded at $2.40, with a volume of 40,717 shares.

Trending Headlines about Duluth

Here are the key news stories impacting Duluth this week:

Analysts Set New Price Targets

DLTH has been the subject of several recent analyst reports. Robert W. Baird set a $5.00 price objective on shares of Duluth in a report on Wednesday, December 17th. Singular Research raised shares of Duluth to a “strong-buy” rating in a research note on Monday, October 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Duluth in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Duluth to a “hold” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

View Our Latest Stock Analysis on DLTH

Duluth Stock Performance

The company has a market cap of $88.15 million, a price-to-earnings ratio of -2.76 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.21 and a current ratio of 1.29. The company has a fifty day moving average of $2.57 and a two-hundred day moving average of $2.77.

Duluth (NASDAQ:DLTHGet Free Report) last released its quarterly earnings results on Tuesday, December 16th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.33. The firm had revenue of $114.87 million during 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 last year, the business earned ($0.41) EPS. Equities research analysts anticipate that Duluth Holdings Inc. will post -0.56 EPS for the current year.

Insider Activity at Duluth

In other news, SVP Richard W. Schlecht acquired 18,052 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average cost of $2.17 per share, for a total transaction of $39,172.84. Following the completion of the transaction, the senior vice president owned 341,731 shares of the company’s stock, valued at $741,556.27. The trade was a 5.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 42.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake 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 valued at $152,000 after purchasing an additional 29,521 shares during the period. Empowered Funds LLC raised its position in shares of Duluth by 9.3% in the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after purchasing an additional 8,597 shares during the last quarter. Yarger Wealth Strategies LLC grew its holdings in shares of Duluth by 124.5% during the second quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company’s stock valued at $68,000 after buying an additional 17,978 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Duluth in the 2nd quarter worth approximately $50,000. Finally, GSA Capital Partners LLP acquired a new stake in Duluth during the 3rd quarter worth about $140,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

Duluth Company Profile

(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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