Duluth (NASDAQ:DLTH) Stock Crosses Below 50-Day Moving Average of $4.73

Duluth Holdings Inc (NASDAQ:DLTH)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.73 and traded as low as $4.24. Duluth shares last traded at $4.30, with a volume of 49,739 shares.

Duluth Price Performance

The company has a market cap of $133.52 million, a P/E ratio of -14.83 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.77. The firm’s fifty day moving average is $4.73 and its two-hundred day moving average is $5.03.

Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). Duluth had a negative return on equity of 4.24% and a negative net margin of 1.45%. The firm had revenue of $245.61 million during the quarter, compared to the consensus estimate of $241.80 million. During the same period in the prior year, the company posted $0.23 EPS. As a group, analysts anticipate that Duluth Holdings Inc will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Duluth

In other Duluth news, SVP Neala Shepherd sold 10,000 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $4.70, for a total transaction of $47,000.00. Following the completion of the transaction, the senior vice president now owns 122,587 shares of the company’s stock, valued at approximately $576,158.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 35.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Duluth by 10,586.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,061 shares of the company’s stock valued at $25,000 after purchasing an additional 4,023 shares during the last quarter. Citigroup Inc. raised its position in shares of Duluth by 415,800.0% during the 2nd quarter. Citigroup Inc. now owns 4,159 shares of the company’s stock valued at $26,000 after buying an additional 4,158 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Duluth during the 2nd quarter valued at about $29,000. FMR LLC raised its position in shares of Duluth by 118.3% during the 1st quarter. FMR LLC now owns 4,869 shares of the company’s stock valued at $31,000 after buying an additional 2,639 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Duluth during the 1st quarter valued at about $66,000. Institutional investors own 24.39% of the company’s stock.

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.