Duluth (NASDAQ:DLTH) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Duluth Holdings Inc. (NASDAQ:DLTH)’s share price crossed 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 Price Performance

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

Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, March 19th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.09 by $0.14. Duluth had a negative return on equity of 5.95% and a negative net margin of 2.90%.The business had revenue of $215.89 million during the quarter, compared to the consensus estimate of $210.65 million. On average, sell-side analysts anticipate that Duluth Holdings Inc. will post -0.48 EPS for the current year.

Institutional Investors Weigh In On Duluth

A number of institutional investors and hedge funds have recently made changes to their positions in DLTH. Sei Investments Co. raised its position in shares of Duluth by 114.8% during the first quarter. Sei Investments Co. now owns 363,551 shares of the company’s stock worth $1,149,000 after acquiring an additional 194,302 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Duluth during the third quarter worth $140,000. Goldman Sachs Group Inc. grew its stake in shares of Duluth by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock worth $152,000 after purchasing an additional 29,521 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Duluth during the fourth quarter worth $52,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Duluth during the third quarter worth $85,000. Institutional investors 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.