Delta Apparel (NYSE:DLA) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Delta Apparel (NYSE:DLA) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the stock.

Delta Apparel Price Performance

The firm has a 50-day simple moving average of $1.46 and a 200-day simple moving average of $3.74. Delta Apparel has a 52 week low of $0.40 and a 52 week high of $11.02. The company has a quick ratio of 0.21, a current ratio of 1.01 and a debt-to-equity ratio of 0.15.

Delta Apparel (NYSE:DLA) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($2.53) EPS for the quarter. Delta Apparel had a negative net margin of 18.92% and a negative return on equity of 20.00%. The firm had revenue of $78.94 million during the quarter.

Institutional Trading of Delta Apparel

A hedge fund recently raised its stake in Delta Apparel stock. Franklin Resources Inc. grew its position in Delta Apparel, Inc. (NYSE:DLA) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,890 shares of the company’s stock after purchasing an additional 21,340 shares during the quarter. Franklin Resources Inc. owned about 2.64% of Delta Apparel worth $1,318,000 as of its most recent SEC filing. 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.