Delta Apparel (NYSE:DLA) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Delta Apparel (NYSE:DLA) in a report issued on Friday. The brokerage set a “hold” rating on the stock.

Delta Apparel Stock Performance

NYSE:DLA opened at $2.59 on Friday. The firm’s 50-day moving average is $3.16 and its 200-day moving average is $6.32. The company has a market cap of $18.26 million, a price-to-earnings ratio of -0.47 and a beta of 1.15. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.44 and a current ratio of 2.28. Delta Apparel has a 52-week low of $2.47 and a 52-week high of $11.84.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Delta Apparel by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 549,128 shares of the company’s stock valued at $16,359,000 after acquiring an additional 8,900 shares during the period. State Street Corp grew its stake in shares of Delta Apparel by 4.1% in the 1st quarter. State Street Corp now owns 21,225 shares of the company’s stock valued at $632,000 after purchasing an additional 833 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Delta Apparel by 2.0% in the 1st quarter. Neuberger Berman Group LLC now owns 66,891 shares of the company’s stock worth $1,993,000 after buying an additional 1,342 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Delta Apparel by 11.5% during the 1st quarter. Bank of America Corp DE now owns 64,077 shares of the company’s stock worth $1,909,000 after buying an additional 6,591 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Delta Apparel by 30.2% in the 3rd quarter. Two Sigma Investments LP now owns 16,587 shares of the company’s stock valued at $232,000 after buying an additional 3,846 shares in the last quarter. 73.98% of the stock is owned by institutional investors.

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.