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

Research analysts at StockNews.com began coverage on shares of Delta Apparel (NYSE:DLA) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

Delta Apparel Stock Performance

Delta Apparel stock opened at $1.04 on Friday. The stock’s 50-day moving average is $1.91 and its 200-day moving average is $4.35. The company has a market cap of $7.33 million, a price-to-earnings ratio of -0.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 0.21. Delta Apparel has a 12 month low of $1.00 and a 12 month high of $11.49.

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

Institutional Investors Weigh In On Delta Apparel

A hedge fund recently raised its stake in Delta Apparel stock. Franklin Resources Inc. increased its stake in Delta Apparel, Inc. (NYSE:DLA) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184,890 shares of the company’s stock after buying 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 filing with the SEC. 73.98% of the stock is currently 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.