StockNews.com Initiates Coverage on Delta Apparel (NYSE:DLA)

Stock analysts at StockNews.com began coverage on shares of Delta Apparel (NYSE:DLA) in a report released on Friday. The firm set a “hold” rating on the stock.

Delta Apparel Price Performance

NYSE DLA opened at $2.59 on Friday. The firm’s 50 day moving average is $3.16 and its 200-day moving average is $6.32. The company has a quick ratio of 0.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $18.26 million, a PE ratio of -0.47 and a beta of 1.15. Delta Apparel has a 12-month low of $2.47 and a 12-month high of $11.84.

Delta Apparel (NYSE:DLA) last released its earnings results on Monday, February 12th. The company reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.32). Delta Apparel had a negative net margin of 9.84% and a negative return on equity of 10.64%. The business had revenue of $79.93 million during the quarter, compared to the consensus estimate of $92.50 million.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DLA. UBS Group AG bought a new position in shares of Delta Apparel in the 4th quarter valued at about $25,000. Citadel Advisors LLC bought a new position in Delta Apparel during the second quarter worth about $111,000. Certified Advisory Corp bought a new position in Delta Apparel during the fourth quarter worth about $86,000. Two Sigma Investments LP increased its position in Delta Apparel by 30.2% during the third quarter. Two Sigma Investments LP now owns 16,587 shares of the company’s stock worth $232,000 after buying an additional 3,846 shares during the last quarter. Finally, State Street Corp raised its stake in Delta Apparel by 4.1% in the first quarter. State Street Corp now owns 21,225 shares of the company’s stock valued at $632,000 after buying an additional 833 shares during the period. 73.98% of the stock is currently owned by institutional investors.

About Delta Apparel

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets activewear and lifestyle apparel products in the United States, Honduras, El Salvador, Mexico, 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 under the Soffe brand.