Zacks Investment Research Lowers Delta Apparel, Inc. (DLA) to Hold
According to Zacks, “DELTA APPAREL is a vertical manufacturer of knitwear products for the entire family. Our company purchases cotton direct from the field and through a stringently controlled process produces finished apparel for the domestic and international market place. The products we manufacture are sold under our brands of Delta Pro-Weight, Delta Magnum Weight, Healthknit and Quail Hollow Sportswear. In addition, Delta Apparel, Inc. also produces finished products for America’s leading retailers, corporate industry programs and sports licensed apparel marketers. “
Other equities research analysts also recently issued research reports about the company. TheStreet downgraded Delta Apparel from a hold rating to a sell rating in a research report on Wednesday, August 17th. Roth Capital reissued a buy rating on shares of Delta Apparel in a research report on Wednesday, June 29th.
Delta Apparel (NYSEMKT:DLA) opened at 15.20 on Tuesday. The stock has a market cap of $117.24 million, a P/E ratio of 11.15 and a beta of 0.07. Delta Apparel has a 12-month low of $11.61 and a 12-month high of $25.52. The stock has a 50 day moving average price of $16.98 and a 200-day moving average price of $20.17.
Delta Apparel (NYSEMKT:DLA) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.28. The business earned $111.60 million during the quarter, compared to analysts’ expectations of $105.92 million. On average, equities analysts expect that Delta Apparel will post $1.40 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its stake in Delta Apparel by 10.9% in the second quarter. Acrospire Investment Management LLC now owns 6,424 shares of the company’s stock worth $145,000 after buying an additional 633 shares during the period. Eagle Global Advisors LLC increased its stake in Delta Apparel by 7.0% in the second quarter. Eagle Global Advisors LLC now owns 30,240 shares of the company’s stock worth $682,000 after buying an additional 1,990 shares during the period. TFS Capital LLC increased its stake in Delta Apparel by 22.3% in the second quarter. TFS Capital LLC now owns 13,407 shares of the company’s stock worth $302,000 after buying an additional 2,442 shares during the period. Acadian Asset Management LLC increased its stake in Delta Apparel by 8.4% in the first quarter. Acadian Asset Management LLC now owns 37,703 shares of the company’s stock worth $722,000 after buying an additional 2,906 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in Delta Apparel by 36.5% in the second quarter. Hillsdale Investment Management Inc. now owns 18,700 shares of the company’s stock worth $422,000 after buying an additional 5,000 shares during the period.
Delta Apparel Company Profile
Delta Apparel, Inc is an apparel design, marketing, manufacturing and sourcing company. The Company offers a portfolio of lifestyle basics and branded activewear apparel and headwear. The Company operates through two segments: branded and basics. The Company’s branded segment consists of its business units, which are focused on specialized apparel garments and headwear, including its Salt Life, Junkfood and Soffe business.
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