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

StockNews.com initiated coverage on shares of Delta Apparel (NYSE:DLA) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Delta Apparel Price Performance

Shares of NYSE DLA opened at $1.28 on Tuesday. The stock has a market capitalization of $9.02 million, a PE ratio of -0.13 and a beta of 1.18. Delta Apparel has a fifty-two week low of $1.21 and a fifty-two week high of $11.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 0.21. The business has a fifty day moving average price of $2.51 and a two-hundred day moving average price of $5.24.

Delta Apparel (NYSE:DLA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($2.53) earnings per share for the quarter. Delta Apparel had a negative return on equity of 20.00% and a negative net margin of 18.92%. The firm had revenue of $78.94 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Delta Apparel stock. Franklin Resources Inc. raised its holdings in Delta Apparel, Inc. (NYSE:DLA) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the 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 2.64% of Delta Apparel worth $1,318,000 as of its most recent SEC filing. 73.98% of the stock is owned by institutional investors.

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.