Duluth (NASDAQ:DLTH) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Duluth Holdings Inc. (NASDAQ:DLTH)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.02 and traded as high as $3.27. Duluth shares last traded at $3.03, with a volume of 50,751 shares traded.

Duluth Stock Performance

The firm has a market cap of $109.91 million, a P/E ratio of -6.23 and a beta of 1.46. The company has a current ratio of 1.59, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $3.03 and its 200-day simple moving average is $2.72.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.14. The business had revenue of $215.89 million for the quarter, compared to analyst estimates of $210.65 million. Duluth had a negative net margin of 2.90% and a negative return on equity of 5.95%. As a group, sell-side analysts expect that Duluth Holdings Inc. will post -0.48 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

A number of large investors have recently modified their holdings of DLTH. Quadrature Capital Ltd bought a new stake in shares of Duluth during the 4th quarter valued at about $52,000. Taylor & Morgan Wealth Management LLC boosted its stake in shares of Duluth by 29.2% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 31,000 shares of the company’s stock valued at $64,000 after purchasing an additional 7,000 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Duluth during the 3rd quarter valued at about $85,000. Barclays PLC boosted its stake in shares of Duluth by 32.2% during the 4th quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after purchasing an additional 14,136 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Duluth during the 3rd quarter valued at about $140,000. Institutional investors own 24.39% of the company’s stock.

Duluth Company Profile

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.