Delta Apparel (NYSE:DLA) Lowered to Hold at

Delta Apparel (NYSE:DLAGet Rating) was downgraded by from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Shares of NYSE DLA opened at $28.12 on Thursday. The stock has a market cap of $195.41 million, a price-to-earnings ratio of 6.94 and a beta of 1.52. The business has a fifty day moving average of $29.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 2.40. Delta Apparel has a one year low of $24.10 and a one year high of $35.26.

Delta Apparel (NYSE:DLAGet Rating) last released its earnings results on Tuesday, February 8th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.21. Delta Apparel had a net margin of 6.05% and a return on equity of 16.86%. The business had revenue of $110.75 million during the quarter, compared to analyst estimates of $109.00 million. As a group, research analysts predict that Delta Apparel will post 4.2 EPS for the current fiscal year.

About Delta Apparel (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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