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

StockNews.com started coverage on shares of Delta Apparel (NYSE:DLA) in a research note published on Wednesday morning. The firm issued a hold rating on the stock.

Delta Apparel Price Performance

Delta Apparel has a 12 month low of $0.40 and a 12 month high of $11.02. The company has a quick ratio of 0.21, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.16 million, a price-to-earnings ratio of -0.05 and a beta of 0.98. The company’s 50 day moving average is $1.26 and its 200 day moving average is $3.55.

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

Hedge Funds Weigh In On Delta Apparel

A hedge fund recently raised its stake in Delta Apparel stock. Franklin Resources Inc. increased its position in Delta Apparel, Inc. (NYSE:DLA) by 13.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 184,890 shares of the company’s stock after purchasing an additional 21,340 shares during the period. Franklin Resources Inc. owned about 2.64% of Delta Apparel worth $1,318,000 at the end of the most recent reporting period. 73.98% of the stock is owned by 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.