Delta Apparel (NYSE:DLA) Now Covered by StockNews.com

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

Delta Apparel Trading Up 3.5 %

Shares of NYSE:DLA opened at $2.64 on Friday. The business’s 50-day moving average is $2.90 and its 200 day moving average is $5.84. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 0.44. Delta Apparel has a 1 year low of $2.28 and a 1 year high of $11.49. The firm has a market capitalization of $18.61 million, a P/E ratio of -0.48 and a beta of 1.18.

Delta Apparel (NYSE:DLA) last issued its quarterly 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). The business had revenue of $79.93 million for the quarter, compared to analysts’ expectations of $92.50 million. Delta Apparel had a negative return on equity of 10.64% and a negative net margin of 9.84%.

Institutional Investors Weigh In On Delta Apparel

An institutional investor recently raised its position in Delta Apparel stock. Franklin Resources Inc. boosted its position in shares of Delta Apparel, Inc. (NYSE:DLA) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 184,890 shares of the company’s stock after acquiring an additional 21,340 shares during the quarter. Franklin Resources Inc. owned about 2.64% of Delta Apparel worth $1,318,000 at the end of the most recent reporting period. Institutional investors own 73.98% of the company’s stock.

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.