Duluth (NASDAQ:DLTH) Shares Pass Below 50-Day Moving Average of $4.19

Duluth Holdings Inc (NASDAQ:DLTHGet Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.19 and traded as low as $3.73. Duluth shares last traded at $3.77, with a volume of 110,324 shares traded.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their target price on shares of Duluth from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, May 31st.

View Our Latest Stock Report on Duluth

Duluth Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.37 and a current ratio of 1.79. The stock has a market capitalization of $120.46 million, a P/E ratio of -9.27 and a beta of 1.33. The stock’s fifty day simple moving average is $4.15 and its two-hundred day simple moving average is $4.68.

Insider Activity

In other news, SVP Neala Shepherd sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $4.70, for a total value of $47,000.00. Following the sale, the senior vice president now directly 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 SEC, which is available at the SEC website. Insiders own 35.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DLTH. Taylor & Morgan Wealth Management LLC acquired a new position in Duluth during the fourth quarter worth $54,000. Silverlake Wealth Management LLC acquired a new position in Duluth during the fourth quarter worth $58,000. Virtu Financial LLC acquired a new position in Duluth during the first quarter worth $73,000. Brandywine Global Investment Management LLC acquired a new position in Duluth during the third quarter worth $88,000. Finally, Brave Asset Management Inc. raised its holdings in Duluth by 70.6% during the fourth quarter. Brave Asset Management Inc. now owns 29,000 shares of the company’s stock worth $156,000 after buying an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

About Duluth

(Get Free Report)

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.

Further Reading

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