Delta Apparel (NYSE:DLA) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Delta Apparel (NYSE:DLA) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.

Delta Apparel Stock Performance

Shares of DLA stock opened at $2.52 on Friday. The stock has a market capitalization of $17.77 million, a P/E ratio of -0.46 and a beta of 1.15. The company has a current ratio of 2.28, a quick ratio of 0.44 and a debt-to-equity ratio of 0.94. The firm’s 50 day moving average is $2.93 and its 200 day moving average is $6.08. Delta Apparel has a 12 month low of $2.41 and a 12 month high of $11.84.

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

Institutional Trading of Delta Apparel

An institutional investor recently raised its position in Delta Apparel stock. Franklin Resources Inc. boosted its position in Delta Apparel, Inc. (NYSE:DLA) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,890 shares of the company’s stock after purchasing an additional 21,340 shares during the quarter. Franklin Resources Inc. owned about 2.64% of Delta Apparel worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 73.98% of the company’s stock.

Delta Apparel Company Profile

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.