Zacks Investment Research lowered shares of Delta Apparel, Inc. (NYSEMKT:DLA) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “DELTA APPAREL is a vertical manufacturer of knitwear products for the entire family. Our company purchases cotton direct from the field and through a stringently controlled process produces finished apparel for the domestic and international market place. The products we manufacture are sold under our brands of Delta Pro-Weight, Delta Magnum Weight, Healthknit and Quail Hollow Sportswear. In addition, Delta Apparel, Inc. also produces finished products for America’s leading retailers, corporate industry programs and sports licensed apparel marketers. “

DLA has been the subject of several other research reports. TheStreet lowered shares of Delta Apparel from a hold rating to a sell rating in a research note on Wednesday, August 17th. Roth Capital reaffirmed a buy rating on shares of Delta Apparel in a research note on Wednesday, June 29th.

Delta Apparel (NYSEMKT:DLA) opened at 15.73 on Tuesday. Delta Apparel has a 1-year low of $11.61 and a 1-year high of $25.52. The firm has a market capitalization of $121.33 million, a P/E ratio of 11.54 and a beta of 0.07. The company has a 50-day moving average price of $17.19 and a 200-day moving average price of $20.24.

Delta Apparel (NYSEMKT:DLA) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.22 by $0.28. The company had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $105.92 million. On average, equities research analysts predict that Delta Apparel will post $1.40 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of DLA. Acadian Asset Management LLC boosted its stake in Delta Apparel by 8.4% in the first quarter. Acadian Asset Management LLC now owns 37,703 shares of the company’s stock worth $722,000 after buying an additional 2,906 shares during the last quarter. Algert Global LLC acquired a new stake in Delta Apparel during the first quarter worth $216,000. Acrospire Investment Management LLC acquired a new stake in Delta Apparel during the first quarter worth $111,000. Renaissance Technologies LLC boosted its stake in Delta Apparel by 28.9% in the first quarter. Renaissance Technologies LLC now owns 51,300 shares of the company’s stock worth $982,000 after buying an additional 11,500 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Delta Apparel during the second quarter worth $615,000.

About Delta Apparel

Delta Apparel, Inc is an apparel design, marketing, manufacturing and sourcing company. The Company offers a portfolio of lifestyle basics and branded activewear apparel and headwear. The Company operates through two segments: branded and basics. The Company’s branded segment consists of its business units, which are focused on specialized apparel garments and headwear, including its Salt Life, Junkfood and Soffe business.

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