Delta Apparel (NYSE:DLA) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Delta Apparel (NYSE:DLA) in a report issued on Saturday. The firm set a “hold” rating on the stock.

Delta Apparel Price Performance

NYSE DLA opened at $2.52 on Friday. Delta Apparel has a twelve month low of $2.41 and a twelve month high of $11.84. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.44 and a current ratio of 2.28. The stock has a market capitalization of $17.77 million, a PE ratio of -0.46 and a beta of 1.15. The stock has a 50-day simple moving average of $2.93 and a 200 day simple moving average of $6.08.

Delta Apparel (NYSE:DLA) last posted its quarterly earnings data on Monday, February 12th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.32). Delta Apparel had a negative return on equity of 10.64% and a negative net margin of 9.84%. The business had revenue of $79.93 million for the quarter, compared to analyst estimates of $92.50 million.

Institutional Investors Weigh In On Delta Apparel

An institutional investor recently raised its position in Delta Apparel stock. Franklin Resources Inc. increased its holdings in shares of Delta Apparel, Inc. (NYSE:DLA) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,890 shares of the company’s stock after acquiring an additional 21,340 shares during the period. Franklin Resources Inc. owned about 2.64% of Delta Apparel worth $1,318,000 at the end of the most recent quarter. Institutional investors own 73.98% of the company’s stock.

Delta Apparel Company Profile

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.