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

StockNews.com assumed coverage on shares of Delta Apparel (NYSE:DLA) in a research note released on Friday. The firm issued a hold rating on the stock.

Delta Apparel Price Performance

DLA opened at $2.69 on Friday. The stock’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $6.29. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 0.44. Delta Apparel has a 1 year low of $2.47 and a 1 year high of $11.84. The firm has a market cap of $18.97 million, a price-to-earnings ratio of -0.49 and a beta of 1.15.

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

Hedge Funds Weigh In On Delta Apparel

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp increased its stake in shares of Delta Apparel by 43.1% during the fourth quarter. Northern Trust Corp now owns 36,351 shares of the company’s stock valued at $259,000 after buying an additional 10,940 shares during the period. Certified Advisory Corp purchased a new position in shares of Delta Apparel during the fourth quarter valued at approximately $86,000. Franklin Resources Inc. increased its stake in shares of Delta Apparel by 13.0% during the fourth quarter. Franklin Resources Inc. now owns 184,890 shares of the company’s stock valued at $1,318,000 after buying an additional 21,340 shares during the period. Aegis Financial Corp increased its stake 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 period. Finally, Citadel Advisors LLC purchased a new position in shares of Delta Apparel during the second quarter valued at approximately $111,000. 73.98% of the stock is currently owned by institutional investors.

About Delta Apparel

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.