Duluth (NASDAQ:DLTH) Stock Price Passes Below Fifty Day Moving Average of $4.78

Duluth Holdings Inc (NASDAQ:DLTH)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.78 and traded as low as $4.48. Duluth shares last traded at $4.54, with a volume of 56,544 shares traded.

Duluth Trading Down 3.2 %

The firm has a market capitalization of $140.96 million, a PE ratio of -15.66 and a beta of 1.25. The company’s 50-day moving average price is $4.78 and its 200-day moving average price is $5.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.77.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $245.61 million for the quarter, compared to analysts’ expectations of $241.80 million. Duluth had a negative return on equity of 4.24% and a negative net margin of 1.45%. During the same period last year, the firm posted $0.23 earnings per share. On average, sell-side analysts expect that Duluth Holdings Inc will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

A number of institutional investors and hedge funds have recently bought and sold shares of DLTH. Mill Road Capital Management LLC lifted its position in Duluth by 52.2% in the fourth quarter. Mill Road Capital Management LLC now owns 959,735 shares of the company’s stock valued at $5,931,000 after acquiring an additional 329,330 shares during the last quarter. BlackRock Inc. lifted its position in Duluth by 17.1% in the second quarter. BlackRock Inc. now owns 1,078,571 shares of the company’s stock valued at $6,773,000 after acquiring an additional 157,363 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in Duluth by 95.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 265,841 shares of the company’s stock valued at $1,430,000 after acquiring an additional 129,804 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Duluth by 22.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 669,818 shares of the company’s stock valued at $3,604,000 after acquiring an additional 120,729 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Duluth by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 843,955 shares of the company’s stock valued at $4,540,000 after acquiring an additional 80,340 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Duluth Company Profile

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.