Duluth (NASDAQ:DLTH) Share Price Breaks Below 50-Day Moving Average - Time to Sell?

Key Points

• Duluth shares fell below their 50-day moving average of $4.05, reaching $3.91 before closing at $4.00. The stock remains above its 200-day moving average of $3.86.
• Analyst sentiment is mixed but leans neutral: the consensus rating is “Hold” with an average price target of $5.00. Recent actions included downgrades from Zacks Research and Robert W. Baird, alongside upgrades from Weiss Ratings and Wall Street Zen.
• Duluth exceeded quarterly expectations, reporting $0.50 in earnings per share versus estimates of a $0.01 loss and revenue of $121.39 million. Institutional investors own 24.39% of the company, with several funds recently initiating or increasing positions.

Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report) crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.05 and traded as low as $3.91. Duluth shares last traded at $4.00, with a volume of 49,137 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DLTH. Zacks Research lowered shares of Duluth from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Duluth from a "sell (d-)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. Robert W. Baird cut shares of Duluth from an "outperform" rating to a "neutral" rating and set a $5.00 target price for the company. in a research note on Friday, September 4th. Finally, Wall Street Zen raised Duluth from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Duluth has a consensus rating of "Hold" and an average target price of $5.00.

Duluth Stock Performance

The stock has a 50-day simple moving average of $4.05 and a 200-day simple moving average of $3.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 0.59. The stock has a market cap of $152.04 million, a PE ratio of 28.57 and a beta of 1.35.

Duluth (NASDAQ:DLTH - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.51. Duluth had a negative return on equity of 3.03% and a net margin of 1.07%. The company had revenue of $121.39 million during the quarter, compared to analyst estimates of $119.91 million. Equities analysts predict that Duluth Holdings Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Madison Asset Management LLC acquired a new position in shares of Duluth during the second quarter worth $3,417,000. Tieton Capital Management LLC acquired a new stake in Duluth during the 2nd quarter valued at $3,255,000. Sei Investments Co. grew its holdings in Duluth by 114.8% during the 1st quarter. Sei Investments Co. now owns 363,551 shares of the company's stock valued at $1,149,000 after purchasing an additional 194,302 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Duluth during the 2nd quarter valued at $108,000. Finally, Yarger Wealth Strategies LLC increased its stake in Duluth by 131.3% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 74,973 shares of the company's stock worth $336,000 after buying an additional 42,554 shares during the period. Institutional investors and hedge funds own 24.39% of the company's stock.

Duluth Company Profile

Duluth Holdings Inc, doing business as Duluth Trading Company, is an American lifestyle and workwear retailer serving customers through its e-commerce website, catalogs and retail stores. The company offers apparel and accessories designed for work, outdoor activities and everyday use, with an emphasis on durability, comfort and functional features.

Its product assortment includes men's and women's shirts, pants, jackets, underwear, footwear and accessories, as well as selected workwear and outdoor products.

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