Delta Apparel (NYSEAMERICAN:DLA) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Delta Apparel (NYSEAMERICAN:DLA) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, Zacks.com reports. They currently have $29.00 target price on the textile maker’s stock.

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. “

Separately, Roth Capital upgraded Delta Apparel from a neutral rating to a buy rating and set a $25.00 price target for the company in a report on Thursday, August 1st.

DLA stock opened at $25.12 on Tuesday. Delta Apparel has a 1-year low of $16.11 and a 1-year high of $25.50.

Delta Apparel (NYSEAMERICAN:DLA) last posted its earnings results on Wednesday, July 31st. The textile maker reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The business had revenue of $119.26 million for the quarter, compared to the consensus estimate of $120.14 million.

A number of institutional investors have recently bought and sold shares of DLA. Marshall Wace North America L.P. bought a new position in Delta Apparel during the first quarter worth about $65,000. Wedge Capital Management L L P NC acquired a new position in shares of Delta Apparel during the second quarter worth $684,000. Wells Fargo & Company MN increased its holdings in shares of Delta Apparel by 2.3% during the second quarter. Wells Fargo & Company MN now owns 731,596 shares of the textile maker’s stock worth $16,959,000 after buying an additional 16,783 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Delta Apparel by 5.6% during the second quarter. Acadian Asset Management LLC now owns 24,334 shares of the textile maker’s stock worth $564,000 after buying an additional 1,281 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Delta Apparel by 23.0% during the second quarter. Russell Investments Group Ltd. now owns 225,899 shares of the textile maker’s stock worth $5,239,000 after buying an additional 42,267 shares in the last quarter.

Delta Apparel Company Profile

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets a portfolio of lifestyle active wear apparel and related accessory products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It markets, distributes, manufactures, and sells unembellished knit apparel under the Soffe, Delta Platinum, Delta Pro Weight, and Delta Magnum Weight brands to various large licensed screen printers and small independent businesses.

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