Delta Apparel (NYSE:DLA) Downgraded by to “Hold”

Delta Apparel (NYSE:DLAGet Rating) was downgraded by investment analysts at from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Shares of NYSE:DLA traded up $1.17 on Monday, hitting $28.41. 85 shares of the company traded hands, compared to its average volume of 18,819. Delta Apparel has a 52 week low of $24.10 and a 52 week high of $35.00. The company has a current ratio of 2.40, a quick ratio of 0.70 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average price of $29.52. The company has a market capitalization of $197.42 million, a P/E ratio of 7.01 and a beta of 1.52.

Delta Apparel (NYSE:DLAGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.65. Delta Apparel had a return on equity of 16.86% and a net margin of 6.05%. The firm had revenue of $131.70 million during the quarter, compared to the consensus estimate of $130.00 million. On average, equities analysts anticipate that Delta Apparel will post 4.2 EPS for the current year.

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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