Duluth (NASDAQ:DLTH) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Duluth Holdings Inc. (NASDAQ:DLTH) 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 trading hands.

More Duluth News

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.

Wall Street Analysts Forecast Growth

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

Duluth Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 0.30. The business has a 50 day moving average price of $4.11 and a 200 day moving average price of $3.60. The stock has a market capitalization of $176.75 million, a PE ratio of 33.21 and a beta of 1.38.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AXQ Capital LP purchased a new stake in shares of Duluth during the second quarter valued at approximately $47,000. Quadrature Capital Ltd purchased a new position in Duluth in the 4th quarter worth approximately $52,000. Squarepoint Ops LLC purchased a new position in Duluth in the 3rd quarter worth approximately $85,000. Barclays PLC raised its holdings in Duluth by 32.2% in the 4th 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 Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after acquiring an additional 29,521 shares in the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

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.