Delta Apparel (NYSE:DLA) Receives New Coverage from Analysts at StockNews.com

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

Delta Apparel Trading Up 1.7 %

Shares of DLA opened at $1.23 on Tuesday. The firm’s fifty day moving average is $2.44 and its two-hundred day moving average is $5.16. The stock has a market cap of $8.67 million, a PE ratio of -0.13 and a beta of 1.18. The company has a quick ratio of 0.21, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. Delta Apparel has a 52-week low of $1.17 and a 52-week high of $11.49.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Delta Apparel stock. Franklin Resources Inc. boosted its position in shares of Delta Apparel, Inc. (NYSE:DLA) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 approximately 2.64% of Delta Apparel worth $1,318,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.