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

StockNews.com began coverage on shares of Delta Apparel (NYSE:DLA) in a research report sent to investors on Friday. The firm issued a hold rating on the stock.

Delta Apparel Stock Performance

Shares of DLA stock opened at $2.55 on Friday. 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 has a fifty day simple moving average of $2.98 and a two-hundred day simple moving average of $6.21. Delta Apparel has a 12 month low of $2.47 and a 12 month high of $11.84. The firm has a market capitalization of $17.98 million, a PE ratio of -0.47 and a beta of 1.15.

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

Institutional Investors Weigh In On Delta Apparel

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aegis Financial Corp boosted its position in Delta Apparel by 92.9% in the third quarter. Aegis Financial Corp now owns 695,005 shares of the company’s stock worth $4,608,000 after purchasing an additional 334,732 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Delta Apparel by 13.0% during the 4th quarter. Franklin Resources Inc. now owns 184,890 shares of the company’s stock valued at $1,318,000 after purchasing an additional 21,340 shares during the last quarter. Finally, Certified Advisory Corp bought a new stake in shares of Delta Apparel during the 4th quarter worth $86,000. 73.98% of the stock is owned by hedge funds and other 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.