Duluth (NASDAQ:DLTH) Stock Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• Duluth Holdings Inc. shares have fallen below their 50-day moving average of $2.11, trading at $2.29 with a volume of 18,322 shares.
• Analysts at Wall Street Zen have initiated coverage on Duluth, giving the stock a "hold" rating.
• The company reported a loss of ($0.32) EPS, missing the consensus estimate by $0.02, with revenue of $102.70 million compared to an expectation of $105.54 million.

Shares of Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.11 and traded as low as $2.11. Duluth shares last traded at $2.29, with a volume of 18,322 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Duluth in a report on Tuesday, May 20th. They set a "hold" rating on the stock.

Duluth Stock Down 0.4%

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 company has a market capitalization of $86.06 million, a price-to-earnings ratio of -1.45 and a beta of 1.31. The firm has a 50-day moving average price of $2.11 and a two-hundred day moving average price of $2.21.

Duluth (NASDAQ:DLTH - Get Free Report) last released its 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 company had revenue of $102.70 million for the quarter, compared to the consensus estimate of $105.54 million. As a group, sell-side analysts anticipate that Duluth Holdings Inc. will post -0.56 earnings per share for the current fiscal year.

Institutional Trading of Duluth

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its stake in Duluth by 14.2% in the fourth quarter. Northern Trust Corp now owns 62,462 shares of the company's stock valued at $193,000 after buying an additional 7,769 shares during the period. Dimensional Fund Advisors LP raised its stake in Duluth by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company's stock valued at $2,607,000 after buying an additional 58,991 shares during the period. Guardian Wealth Management Inc. bought a new stake in Duluth in the fourth quarter valued at approximately $96,000. Taylor & Morgan Wealth Management LLC raised its stake in Duluth by 47.0% in the first quarter. Taylor & Morgan Wealth Management LLC now owns 39,687 shares of the company's stock valued at $69,000 after buying an additional 12,687 shares during the period. Finally, Empowered Funds LLC raised its stake in Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company's stock valued at $177,000 after buying an additional 8,597 shares during the period. 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.

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