Delta Apparel (NYSE:DLA) Downgraded to “Sell” at cut shares of Delta Apparel (NYSE:DLAFree Report) from a hold rating to a sell rating in a report issued on Monday morning.

Delta Apparel Trading Down 5.0 %

NYSE:DLA opened at $6.99 on Monday. Delta Apparel has a 12-month low of $6.45 and a 12-month high of $14.51. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 0.44. The business has a 50 day simple moving average of $7.42 and a 200 day simple moving average of $7.80. The firm has a market capitalization of $48.93 million, a P/E ratio of -1.47 and a beta of 1.30.

Delta Apparel (NYSE:DLAGet Free Report) last released its quarterly earnings results on Thursday, December 7th. The company reported ($0.72) EPS for the quarter, topping the consensus estimate of ($0.80) by $0.08. Delta Apparel had a negative net margin of 8.00% and a negative return on equity of 8.58%. The business had revenue of $91.40 million during the quarter, compared to analyst estimates of $97.00 million. Equities research analysts predict that Delta Apparel will post -0.63 EPS for the current year.

Institutional Investors Weigh In On Delta Apparel

A number of hedge funds have recently made changes to their positions in DLA. UBS Group AG acquired a new stake in Delta Apparel in the 4th quarter valued at approximately $25,000. Covestor Ltd bought a new stake in shares of Delta Apparel during the second quarter valued at about $29,000. Certified Advisory Corp acquired a new stake in Delta Apparel in the fourth quarter worth about $86,000. Citadel Advisors LLC bought a new position in Delta Apparel in the 2nd quarter valued at about $111,000. Finally, Janney Montgomery Scott LLC increased its stake in Delta Apparel by 14.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 13,596 shares of the company’s stock valued at $142,000 after buying an additional 1,711 shares during the period. Institutional investors own 50.75% of the company’s stock.

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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