StockNews.com Initiates Coverage on Delta Apparel (NYSE:DLA)

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

Delta Apparel Stock Up 4.6 %

Shares of NYSE:DLA opened at $2.52 on Friday. The firm has a 50 day simple moving average of $2.93 and a 200-day simple moving average of $6.04. Delta Apparel has a twelve month low of $2.41 and a twelve month high of $11.84. The company has a market capitalization of $17.77 million, a PE ratio of -0.46 and a beta of 1.15. The company has a current ratio of 2.28, a quick ratio of 0.44 and a debt-to-equity ratio of 0.94.

Delta Apparel (NYSE:DLA) last released 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 analysts’ expectations of $92.50 million.

Hedge Funds Weigh In On Delta Apparel

An institutional investor recently bought a new position in Delta Apparel stock. Certified Advisory Corp purchased a new position in shares of Delta Apparel, Inc. (NYSE:DLA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,063 shares of the company’s stock, valued at approximately $86,000. Certified Advisory Corp owned 0.17% of Delta Apparel as of its most recent SEC filing. 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.