Begins Coverage on Delta Apparel (NYSE:DLA) started coverage on shares of Delta Apparel (NYSE:DLAFree Report) in a research note issued to investors on Friday morning. The firm issued a hold rating on the stock.

Delta Apparel Trading Up 3.9 %

NYSE DLA opened at $2.69 on Friday. Delta Apparel has a 52-week low of $2.47 and a 52-week high of $11.84. The firm has a 50-day moving average price of $3.07 and a 200 day moving average price of $6.26. The stock has a market capitalization of $18.96 million, a P/E ratio of -0.49 and a beta of 1.15. The company has a quick ratio of 0.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.94.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in Delta Apparel by 43.1% in the fourth quarter. Northern Trust Corp now owns 36,351 shares of the company’s stock valued at $259,000 after purchasing an additional 10,940 shares during the last quarter. Certified Advisory Corp bought a new position in Delta Apparel in the 4th quarter worth about $86,000. Franklin Resources Inc. increased its stake in shares of Delta Apparel by 13.0% in the fourth quarter. Franklin Resources Inc. now owns 184,890 shares of the company’s stock valued at $1,318,000 after purchasing an additional 21,340 shares during the period. Aegis Financial Corp raised its holdings in shares of Delta Apparel by 92.9% during the third quarter. Aegis Financial Corp now owns 695,005 shares of the company’s stock valued at $4,608,000 after buying an additional 334,732 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Delta Apparel in the 2nd quarter worth approximately $111,000. 73.98% of the stock is currently owned by institutional investors and hedge funds.

About Delta Apparel

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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.

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