Duluth (NASDAQ:DLTH) Stock Price Breaks Below 50-Day Moving Average – Time to Sell?

Duluth Holdings Inc. (NASDAQ:DLTH) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.05 and traded as low as $3.91. Duluth shares last traded at $4.00, with a volume of 49,137 shares traded.

Analyst Upgrades and Downgrades

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

Duluth Trading Up 0.5%

The business’s fifty day moving average price is $4.05 and its two-hundred day moving average price is $3.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.59 and a current ratio of 1.88.

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

Hedge Funds Weigh In On Duluth

Institutional investors have recently modified their holdings of the company. Madison Asset Management LLC acquired a new stake in shares of Duluth in the second quarter worth $3,417,000. Tieton Capital Management LLC bought a new stake in shares of Duluth during the 2nd quarter worth $3,255,000. Sei Investments Co. boosted its holdings in shares of 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. Yarger Wealth Strategies LLC grew its stake in Duluth by 131.3% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 74,973 shares of the company’s stock valued at $336,000 after buying an additional 42,554 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Duluth in the 2nd quarter valued at $108,000. Institutional investors 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.