Duluth (NASDAQ:DLTH) Shares Pass Below 200 Day Moving Average - Time to Sell?

Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analyst Weigh In

DLTH has been the subject of a number of research reports. Robert W. Baird lowered their target price on Duluth from $3.50 to $2.75 and set a "neutral" rating for the company in a report on Friday, March 14th. Wall Street Zen began coverage on Duluth in a research report on Tuesday, May 20th. They issued a "hold" rating on the stock.

Duluth Stock Performance

The stock's 50-day moving average price is $1.97 and its 200 day moving average price is $2.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 0.22. The firm has a market cap of $85.68 million, a P/E ratio of -1.44 and a beta of 1.30.

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

Institutional Trading of Duluth

Institutional investors have recently made changes to their positions in the business. Madison Investment Advisors LLC acquired a new position in Duluth during the fourth quarter worth $2,357,000. Tieton Capital Management LLC increased its holdings in 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 during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 during the last quarter. Finally, Guardian Wealth Management Inc. acquired a new position in Duluth during the fourth quarter worth $96,000. 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.