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

StockNews.com assumed coverage on shares of Delta Apparel (NYSE:DLA) in a report released on Sunday. The firm issued a hold rating on the stock.

Delta Apparel Price Performance

Shares of NYSE:DLA opened at $2.81 on Friday. The business has a fifty day moving average price of $2.87 and a 200-day moving average price of $5.71. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 0.44. The company has a market capitalization of $19.81 million, a PE ratio of -0.51 and a beta of 1.18. Delta Apparel has a 1-year low of $2.28 and a 1-year high of $11.49.

Delta Apparel (NYSE:DLA) last announced its quarterly earnings data on Monday, February 12th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.32). The firm 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%.

Hedge Funds Weigh In On Delta Apparel

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

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.