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 research note published on Friday. The brokerage issued a hold rating on the stock.

Delta Apparel Price Performance

Delta Apparel stock opened at $2.69 on Friday. The stock’s 50 day moving average is $3.07 and its 200 day moving average is $6.29. 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 firm has a market cap of $18.97 million, a P/E ratio of -0.49 and a beta of 1.15. Delta Apparel has a one year low of $2.47 and a one year high of $11.84.

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

Hedge Funds Weigh In On Delta Apparel

Several institutional investors have recently added to or reduced their stakes in DLA. Dimensional Fund Advisors LP lifted its stake in Delta Apparel by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 549,128 shares of the company’s stock valued at $16,359,000 after buying an additional 8,900 shares during the period. State Street Corp lifted its stake in Delta Apparel by 4.1% in the first quarter. State Street Corp now owns 21,225 shares of the company’s stock valued at $632,000 after buying an additional 833 shares during the period. Neuberger Berman Group LLC lifted its stake in Delta Apparel by 2.0% in the first quarter. Neuberger Berman Group LLC now owns 66,891 shares of the company’s stock valued at $1,993,000 after buying an additional 1,342 shares during the period. Bank of America Corp DE increased its holdings in shares of Delta Apparel by 11.5% during the first quarter. Bank of America Corp DE now owns 64,077 shares of the company’s stock valued at $1,909,000 after acquiring an additional 6,591 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Delta Apparel by 30.2% during the third quarter. Two Sigma Investments LP now owns 16,587 shares of the company’s stock valued at $232,000 after acquiring an additional 3,846 shares in the last quarter. 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.