StockNews.com Begins Coverage on Delta Apparel (NYSE:DLA)

StockNews.com assumed coverage on shares of Delta Apparel (NYSE:DLA) in a research note released on Saturday. The firm issued a hold rating on the stock.

Delta Apparel Stock Up 2.0 %

Shares of NYSE:DLA opened at $2.57 on Friday. Delta Apparel has a 1 year low of $2.41 and a 1 year high of $11.78. The company has a market cap of $18.12 million, a PE ratio of -0.47 and a beta of 1.15. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 0.44. The stock’s 50-day moving average is $2.93 and its 200 day moving average is $6.00.

Delta Apparel (NYSE:DLA) last announced its quarterly 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 business had revenue of $79.93 million for the quarter, compared to analysts’ expectations of $92.50 million.

Institutional Trading of Delta Apparel

A hedge fund recently raised its stake in Delta Apparel stock. Franklin Resources Inc. raised its position in shares of Delta Apparel, Inc. (NYSE:DLA) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 184,890 shares of the company’s stock after acquiring 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.

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.