Duluth (NASDAQ:DLTH) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Duluth Holdings shares rose above their 50-day moving average, trading as high as $4.77 and recently at $4.65, compared with a 50-day average of $4.11.
• The company’s latest quarterly results significantly exceeded expectations, with EPS of $0.50 versus an expected $0.01 loss and revenue of $121.4 million versus estimates of $119.9 million.
• Analyst sentiment remains mixed: the consensus rating is Hold with a $5.00 average price target, while institutional investors own 24.39% of the company.

Duluth Holdings Inc. (NASDAQ:DLTH - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.11 and traded as high as $4.77. Duluth shares last traded at $4.65, with a volume of 167,176 shares.

Duluth News Summary

Here are the key news stories impacting Duluth this week:

• Positive Sentiment: Duluth Holdings previously reported quarterly EPS of $0.50, substantially above the $0.01 loss analysts expected, while revenue of $121.4 million also exceeded consensus estimates. The earnings surprise may continue to support investor sentiment, although the company’s full-year outlook remains modest.
• Neutral Sentiment: A supplied short-interest update reports zero shares sold short and a zero-day short-interest ratio as of September 10. Because the figures also describe this as a “significant increase” and show an undefined percentage change, the data appears inconsistent and provides no reliable short-covering or bearish signal.
• Neutral Sentiment: The remaining headlines concern events and activities in Duluth, Minnesota—including a robotics company’s new location, Gourd Days, local sports, civic commentary, and community events. They do not appear related to Duluth Holdings’ operations, financial performance, or outlook and are unlikely to materially affect DLTH.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Zacks Research lowered Duluth from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Robert W. Baird lowered Duluth from an "outperform" rating to a "neutral" rating and set a $5.00 price target for the company. in a research report on Friday, September 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Duluth in a research note on Friday, September 4th. Finally, Wall Street Zen raised shares of Duluth from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.00.

Duluth Trading Up 0.6%

The company's 50 day moving average price is $4.11 and its 200 day moving average price is $3.60. The company has a market cap of $176.75 million, a price-to-earnings ratio of 33.21 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.30 and a current ratio of 1.88.

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

Hedge Funds Weigh In On Duluth

A number of institutional investors and hedge funds have recently bought and sold shares of DLTH. AXQ Capital LP acquired a new stake in Duluth during the second quarter worth about $47,000. Quadrature Capital Ltd acquired a new position in Duluth in the fourth quarter valued at about $52,000. Squarepoint Ops LLC bought a new position in shares of Duluth in the third quarter worth about $85,000. Barclays PLC raised its stake in shares of Duluth by 32.2% in the fourth quarter. Barclays PLC now owns 58,043 shares of the company's stock worth $121,000 after acquiring an additional 14,136 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of 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 purchasing an additional 29,521 shares in the last quarter. Institutional investors own 24.39% of the company's stock.

About Duluth

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company's product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.

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