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

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

Delta Apparel Price Performance

NYSE:DLA opened at $2.52 on Friday. The stock has a fifty day moving average price of $2.93 and a 200 day moving average price of $6.06. Delta Apparel has a 12-month low of $2.41 and a 12-month high of $11.84. The company has a current ratio of 2.28, a quick ratio of 0.44 and a debt-to-equity ratio of 0.94.

Delta Apparel (NYSE:DLA) last released its earnings results on Monday, February 12th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $79.93 million during the quarter, compared to analysts’ expectations of $92.50 million.

Institutional Trading of Delta Apparel

An institutional investor recently raised its position in Delta Apparel stock. Franklin Resources Inc. grew its holdings in shares of Delta Apparel, Inc. (NYSE:DLA) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,890 shares of the company’s stock after buying an additional 21,340 shares during the period. Franklin Resources Inc. owned 2.64% of Delta Apparel worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 73.98% of the stock is owned by institutional investors and hedge funds.

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.