Delta Apparel, Inc. (NYSEAMERICAN:DLA) Chairman Robert W. Humphreys sold 2,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $23.49, for a total transaction of $46,980.00. Following the sale, the chairman now owns 538,910 shares of the company’s stock, valued at $12,658,995.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NYSEAMERICAN:DLA traded up $0.89 during midday trading on Friday, hitting $24.39. The company had a trading volume of 37,159 shares, compared to its average volume of 22,176. Delta Apparel, Inc. has a 12-month low of $16.11 and a 12-month high of $24.99.
Delta Apparel (NYSEAMERICAN:DLA) last posted its quarterly earnings data on Monday, February 4th. The textile maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $101.68 million during the quarter, compared to analysts’ expectations of $100.98 million.
Several large investors have recently bought and sold shares of DLA. Vanguard Group Inc increased its stake in Delta Apparel by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 234,210 shares of the textile maker’s stock worth $4,167,000 after buying an additional 1,200 shares in the last quarter. Putnam Investments LLC purchased a new stake in Delta Apparel in the 3rd quarter worth $1,600,000. LSV Asset Management increased its stake in Delta Apparel by 58.0% in the 4th quarter. LSV Asset Management now owns 64,119 shares of the textile maker’s stock worth $1,104,000 after buying an additional 23,530 shares in the last quarter. Bank of America Corp DE increased its stake in Delta Apparel by 6.1% in the 4th quarter. Bank of America Corp DE now owns 16,537 shares of the textile maker’s stock worth $285,000 after buying an additional 951 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Delta Apparel in the 3rd quarter worth $261,000.
DLA has been the subject of several analyst reports. Zacks Investment Research lowered Delta Apparel from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Roth Capital lowered Delta Apparel from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Wednesday, February 6th.
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Delta Apparel Company Profile
Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets a portfolio of lifestyle active wear apparel and related accessory products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It markets, distributes, manufactures, and sells unembellished knit apparel under the Soffe, Delta Platinum, Delta Pro Weight, and Delta Magnum Weight brands to various large licensed screen printers and small independent businesses.
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