Delta Apparel (NYSE:DLA) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Delta Apparel (NYSE:DLA) in a research report released on Sunday morning. The brokerage issued a hold rating on the stock.

Delta Apparel Stock Performance

DLA stock opened at $2.66 on Friday. The company has a quick ratio of 0.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. Delta Apparel has a 12 month low of $2.28 and a 12 month high of $11.49. The firm has a 50 day moving average of $2.89 and a two-hundred day moving average of $5.73. The company has a market capitalization of $18.75 million, a price-to-earnings ratio of -0.49 and a beta of 1.18.

Delta Apparel (NYSE:DLA) last announced 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). The company had revenue of $79.93 million for the quarter, compared to the consensus estimate of $92.50 million. Delta Apparel had a negative return on equity of 10.64% and a negative net margin of 9.84%.

Institutional Inflows and Outflows

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 4th quarter, according to the company in its most recent disclosure 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 quarter. Franklin Resources Inc. owned approximately 2.64% of Delta Apparel worth $1,318,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.

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.