Duluth (NASDAQ:DLTH) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.89 and traded as high as $2.02. Duluth shares last traded at $2.02, with a volume of 26,882 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DLTH shares. Wall Street Zen started coverage on Duluth in a report on Tuesday, May 20th. They issued a "hold" rating for the company. Robert W. Baird dropped their price objective on Duluth from $3.50 to $2.75 and set a "neutral" rating for the company in a report on Friday, March 14th.

Duluth Stock Up 2.5%

The firm has a fifty day simple moving average of $1.89 and a 200-day simple moving average of $2.39. The company has a market capitalization of $75.91 million, a P/E ratio of -1.28 and a beta of 1.30. The company has a quick ratio of 0.22, a current ratio of 1.35 and a debt-to-equity ratio of 0.33.

Duluth (NASDAQ:DLTH - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). Duluth had a negative return on equity of 14.31% and a negative net margin of 8.68%. The business had revenue of $102.70 million during the quarter, compared to the consensus estimate of $105.54 million. On average, equities research analysts expect that Duluth Holdings Inc. will post -0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Brett Lee Paschke acquired 50,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of $1.81 per share, for a total transaction of $90,500.00. Following the completion of the acquisition, the director now owns 93,801 shares in the company, valued at $169,779.81. This represents a 114.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 72,000 shares of company stock worth $131,760 over the last ninety days. 42.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DLTH. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Duluth by 13.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company's stock worth $806,000 after buying an additional 31,837 shares in the last quarter. Madison Investment Advisors LLC bought a new position in shares of Duluth during the fourth quarter worth about $2,357,000. Tieton Capital Management LLC grew its holdings in shares of Duluth by 22.2% during the fourth quarter. Tieton Capital Management LLC now owns 725,635 shares of the company's stock worth $2,242,000 after buying an additional 131,895 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Duluth by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company's stock worth $2,607,000 after buying an additional 58,991 shares in the last quarter. Finally, Guardian Wealth Management Inc. bought a new position in shares of Duluth during the fourth quarter worth about $96,000. 24.39% of the stock is currently owned by institutional investors.

Duluth Company Profile

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.

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