Duluth (NASDAQ:DLTH) Stock Price Passes Above 50-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.

Duluth Stock Performance

The firm has a 50 day moving average of $3.02 and a 200-day moving average of $2.72. The stock has a market capitalization of $111.38 million, a PE ratio of -6.31 and a beta of 1.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.38 and a current ratio of 1.59.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.14. The firm had revenue of $215.89 million during the quarter, compared to the consensus estimate of $210.65 million. Duluth had a negative return on equity of 5.95% and a negative net margin of 2.90%. Research analysts forecast that Duluth Holdings Inc. will post -0.48 earnings per share for the current year.

Institutional Trading of Duluth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLTH. Squarepoint Ops LLC acquired a new stake in shares of Duluth during the 3rd quarter worth approximately $85,000. Quadrature Capital Ltd acquired a new stake in shares of Duluth during the 4th quarter worth approximately $52,000. Taylor & Morgan Wealth Management LLC grew its holdings 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 worth $64,000 after purchasing an additional 7,000 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Duluth during the 3rd quarter worth approximately $140,000. Finally, Barclays PLC grew its holdings in shares of Duluth by 32.2% during the 4th quarter. Barclays PLC now owns 58,043 shares of the company’s stock worth $121,000 after purchasing an additional 14,136 shares in the last quarter. Institutional investors and hedge funds 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.