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

Duluth Holdings Inc. (NASDAQ:DLTH) 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Duluth to a “hold” rating in a report on Friday, November 28th. Robert W. Baird set a $5.00 price objective on Duluth in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Duluth Stock Down 0.4%

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 market cap of $81.54 million, a P/E ratio of -2.55 and a beta of 1.84. The stock has a 50 day moving average price of $2.30 and a 200 day moving average price of $2.79.

Duluth (NASDAQ:DLTH) last announced its earnings results on Tuesday, December 16th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.33. Duluth had a negative return on equity of 11.51% and a negative net margin of 5.03%.The business had revenue of $114.87 million during the quarter, compared to analysts’ expectations of $118.50 million. During the same quarter last year, the business posted ($0.41) earnings per share. Research analysts expect that Duluth Holdings Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Activity

In other Duluth news, SVP Richard W. Schlecht acquired 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, with a total value of $39,172.84. Following the purchase, the senior vice president directly owned 341,731 shares of the company’s stock, valued at approximately $741,556.27. This trade represents a 5.58% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.94% of the stock is owned by corporate insiders.

Institutional Trading of Duluth

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in shares of 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 buying an additional 29,521 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Duluth by 17.2% during the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after acquiring an additional 16,678 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Duluth by 9.3% in the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock worth $177,000 after acquiring an additional 8,597 shares during the last quarter. Barclays PLC grew its holdings in shares of Duluth by 32.2% in the 4th 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 last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Duluth during the third quarter worth $85,000. 24.39% of the stock is currently 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.