Delta Apparel, Inc. (NYSEAMERICAN:DLA – Get Rating) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 40,100 shares, an increase of 21.5% from the March 31st total of 33,000 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.7% of the company’s stock are short sold.
Shares of NYSEAMERICAN DLA opened at $31.44 on Thursday. Delta Apparel has a 1 year low of $24.10 and a 1 year high of $35.26. The stock has a market cap of $218.48 million, a PE ratio of 11.03 and a beta of 1.61. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.30.
Delta Apparel (NYSEAMERICAN:DLA – Get Rating) last announced its earnings results on Tuesday, May 3rd. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.68. Delta Apparel had a return on equity of 13.35% and a net margin of 4.65%. Equities research analysts anticipate that Delta Apparel will post 3.17 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Delta Apparel from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, April 14th.
Delta Apparel Company Profile (Get Rating)
Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets activewear and lifestyle apparel products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It offers on-demand digitally printed apparel products under the DTG2Go brand; silhouettes and fleece products; performance shirts that keep athletes dry under the Delta Dri line brand; ringspun garments; Delta Soft apparel products; and heritage, mid- and heavier-weight tee shirts under the Delta Pro Weight and Magnum Weight brand names, as well as polos, outerwear, headwear, bags, and other accessories.
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