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

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

Delta Apparel Stock Performance

Shares of DLA opened at $0.47 on Friday. The firm has a 50-day moving average of $1.72 and a 200-day moving average of $4.07. Delta Apparel has a one year low of $0.47 and a one year high of $11.38. The company has a market cap of $3.31 million, a PE ratio of -0.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 0.21.

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

Institutional Trading of Delta Apparel

A hedge fund recently raised its stake in Delta Apparel stock. Franklin Resources Inc. boosted its holdings in Delta Apparel, Inc. (NYSE:DLA) by 13.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,890 shares of the company’s stock after purchasing an additional 21,340 shares during the quarter. Franklin Resources Inc. owned 2.64% of Delta Apparel worth $1,318,000 at the end of the most recent reporting period. Institutional investors 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.