Duluth (NASDAQ:DLTH) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Shares of Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.32 and traded as low as $2.18. Duluth shares last traded at $2.33, with a volume of 24,935 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on DLTH. Robert W. Baird dropped their price target on shares of Duluth from $3.50 to $2.75 and set a "neutral" rating for the company in a research note on Friday, March 14th. Wall Street Zen began coverage on shares of Duluth in a research note on Tuesday, May 20th. They issued a "hold" rating for the company.

Duluth Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.22 and a current ratio of 1.35. The stock has a market cap of $79.86 million, a PE ratio of -1.34 and a beta of 1.30. The stock's 50-day moving average is $1.97 and its two-hundred day moving average is $2.32.

Duluth (NASDAQ:DLTH - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.32) 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 company had revenue of $102.70 million for the quarter, compared to analyst estimates of $105.54 million. On average, equities analysts predict that Duluth Holdings Inc. will post -0.56 earnings per share for the current year.

Institutional Trading of Duluth

A number of institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Duluth by 13.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company's stock valued at $806,000 after acquiring an additional 31,837 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Duluth during the 4th quarter valued at $2,357,000. Tieton Capital Management LLC increased its holdings in shares of Duluth by 22.2% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Duluth by 7.5% in 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 during the last quarter. Finally, Guardian Wealth Management Inc. bought a new stake in shares of Duluth in the fourth quarter worth $96,000. Hedge funds and other institutional investors own 24.39% of the company's stock.

About Duluth

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.