Delta Apparel, Inc. (NYSEMKT:DLA) released its earnings results on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. The business earned $114.40 million during the quarter, compared to analysts’ expectations of $120.20 million.

Delta Apparel (NYSEMKT:DLA) traded down 3.995% during trading on Tuesday, reaching $19.825. 14,309 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $17.00 and a 200-day moving average price of $19.49. The firm has a market cap of $152.91 million, a PE ratio of 14.545 and a beta of 0.07. Delta Apparel has a 12 month low of $11.61 and a 12 month high of $25.52.

Earnings History for Delta Apparel (NYSEMKT:DLA)

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A number of research firms have recently weighed in on DLA. Zacks Investment Research downgraded shares of Delta Apparel from a “hold” rating to a “sell” rating in a research note on Wednesday, November 16th. TheStreet downgraded shares of Delta Apparel from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th.

Several institutional investors have recently made changes to their positions in DLA. BlackRock Investment Management LLC boosted its stake in Delta Apparel by 2,152.0% in the second quarter. BlackRock Investment Management LLC now owns 29,524 shares of the company’s stock valued at $666,000 after buying an additional 28,213 shares in the last quarter. BlackRock Advisors LLC boosted its stake in Delta Apparel by 624.0% in the second quarter. BlackRock Advisors LLC now owns 6,103 shares of the company’s stock valued at $138,000 after buying an additional 5,260 shares in the last quarter. Vanguard Group Inc. boosted its stake in Delta Apparel by 7.6% in the second quarter. Vanguard Group Inc. now owns 189,334 shares of the company’s stock valued at $4,269,000 after buying an additional 13,412 shares in the last quarter. Acrospire Investment Management LLC boosted 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 valued at $145,000 after buying an additional 633 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Delta Apparel by 57.5% in the second quarter. Nationwide Fund Advisors now owns 53,483 shares of the company’s stock valued at $1,206,000 after buying an additional 19,525 shares in the last quarter.

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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