Duluth Holdings Inc (NASDAQ:DLTH - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.53 and traded as low as $2.90. Duluth shares last traded at $3.09, with a volume of 95,755 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Robert W. Baird dropped their price target on shares of Duluth from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Friday, December 6th. StockNews.com cut Duluth from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th.
Get Our Latest Research Report on DLTH
Duluth Stock Down 5.5 %
The company has a current ratio of 1.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.30. The business's fifty day moving average price is $3.52 and its two-hundred day moving average price is $3.65. The firm has a market cap of $92.89 million, a P/E ratio of -2.95 and a beta of 1.33.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in Duluth by 5.3% in the third quarter. Empowered Funds LLC now owns 88,391 shares of the company's stock valued at $332,000 after acquiring an additional 4,422 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Duluth in the 2nd quarter worth approximately $38,000. Yarger Wealth Strategies LLC bought a new position in shares of Duluth during the 2nd quarter worth approximately $53,000. JPMorgan Chase & Co. boosted its stake in Duluth by 106.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company's stock valued at $122,000 after buying an additional 16,743 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Duluth in the second quarter valued at $72,000. Institutional investors 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.
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