Duluth (NASDAQ:DLTH) Stock Price Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• Duluth Holdings Inc. (NASDAQ:DLTH) shares have fallen below their fifty-day moving average, currently priced at $3.16, which raises concerns about potential sell signals.
• Equities research analysts show mixed ratings for Duluth, with two rating it as a Strong Buy and one assigning a Sell rating, though the consensus remains a Buy with an average price target of $7.00.
• CFO Heena Agrawal recently acquired 10,000 shares, increasing her holding by 4.20%, highlighting insider confidence despite the stock's recent downturn.

Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.23 and traded as low as $3.13. Duluth shares last traded at $3.16, with a volume of 34,992 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DLTH shares. Singular Research upgraded shares of Duluth to a "strong-buy" rating in a research note on Monday, October 13th. Robert W. Baird upgraded shares of Duluth from a "neutral" rating to an "outperform" rating and raised their price target for the company from $2.00 to $7.00 in a research note on Friday, September 5th. Baird R W upgraded shares of Duluth from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Duluth in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $7.00.

Duluth Stock Up 1.9%

The firm's fifty day moving average price is $3.23 and its 200-day moving average price is $2.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 0.29. The firm has a market capitalization of $115.94 million, a P/E ratio of -2.21 and a beta of 1.47.

Duluth (NASDAQ:DLTH - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.08. The business had revenue of $131.72 million during the quarter, compared to analysts' expectations of $124.03 million. Duluth had a negative net margin of 7.99% and a negative return on equity of 14.31%. Duluth has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Duluth Holdings Inc. will post -0.56 earnings per share for the current year.

Insider Activity

In related news, CFO Heena Agrawal acquired 10,000 shares of the firm's stock in a transaction dated Friday, September 26th. The stock was acquired at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the acquisition, the chief financial officer directly owned 248,093 shares of the company's stock, valued at approximately $868,325.50. The trade was a 4.20% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 42.94% of the stock is owned by company insiders.

Institutional Trading of Duluth

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company's stock worth $152,000 after buying an additional 29,521 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Duluth during the second quarter worth approximately $50,000. Yarger Wealth Strategies LLC boosted its holdings in Duluth by 124.5% during the second quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company's stock worth $68,000 after buying an additional 17,978 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Duluth by 9.3% during the first quarter. Empowered Funds LLC now owns 101,447 shares of the company's stock worth $177,000 after buying an additional 8,597 shares in the last quarter. 24.39% of the stock is currently owned by institutional investors.

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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