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

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

Delta Apparel Trading Up 16.0 %

Shares of DLA stock opened at $0.58 on Friday. Delta Apparel has a 12-month low of $0.40 and a 12-month high of $11.02. The company has a market capitalization of $4.09 million, a PE ratio of -0.06 and a beta of 1.06. The firm has a 50 day moving average price of $1.51 and a two-hundred day moving average price of $3.78. 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 released its quarterly earnings results on Wednesday, May 8th. The company reported ($2.53) earnings per share for the quarter. Delta Apparel had a negative return on equity of 20.00% and a negative net margin of 18.92%. The firm had revenue of $78.94 million for the quarter.

Institutional Trading of Delta Apparel

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

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.