Delta Apparel, Inc. (DLA) Stake Boosted by California Public Employees Retirement System
California Public Employees Retirement System increased its stake in Delta Apparel, Inc. (NYSEMKT:DLA) by 26.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,700 shares of the textile maker’s stock after buying an additional 6,200 shares during the period. California Public Employees Retirement System owned about 0.39% of Delta Apparel worth $524,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Delta Apparel by 12.8% in the first quarter. Wells Fargo & Company MN now owns 698,458 shares of the textile maker’s stock valued at $12,314,000 after buying an additional 78,992 shares during the period. Wellington Management Group LLP raised its position in Delta Apparel by 23.6% in the first quarter. Wellington Management Group LLP now owns 281,162 shares of the textile maker’s stock valued at $4,957,000 after buying an additional 53,711 shares during the period. State Street Corp raised its position in Delta Apparel by 5.8% in the fourth quarter. State Street Corp now owns 90,962 shares of the textile maker’s stock valued at $1,887,000 after buying an additional 4,974 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Delta Apparel by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 31,671 shares of the textile maker’s stock valued at $558,000 after buying an additional 1,970 shares during the period.
Delta Apparel, Inc. (DLA) traded up 1.04% on Tuesday, hitting $18.40. The company had a trading volume of 5,627 shares. The stock has a market capitalization of $137.78 million, a PE ratio of 13.64 and a beta of 0.07. The stock has a 50 day moving average of $20.34 and a 200-day moving average of $19.04. Delta Apparel, Inc. has a one year low of $14.85 and a one year high of $23.47.
Delta Apparel (NYSEMKT:DLA) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.11. The company had revenue of $104.28 million during the quarter, compared to analysts’ expectations of $100.44 million. Delta Apparel had a net margin of 4.28% and a return on equity of 11.49%. Equities analysts anticipate that Delta Apparel, Inc. will post $1.25 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Delta Apparel, Inc. (DLA) Stake Boosted by California Public Employees Retirement System” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/08/22/delta-apparel-inc-dla-stake-boosted-by-california-public-employees-retirement-system.html.
DLA has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Delta Apparel from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. Roth Capital set a $24.00 target price on Delta Apparel and gave the stock a “buy” rating in a report on Wednesday, August 2nd.
About Delta Apparel
Delta Apparel, Inc is an apparel design, marketing, manufacturing and sourcing company. The Company operates through two segments: branded and basics. The branded segment consists of its business units, which are focused on specialized apparel garments and headwear. Its products are marketed under its lifestyle brands of Salt Life, Soffe and COAST, as well as other labels.
Receive News & Stock Ratings for Delta Apparel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Apparel Inc. and related stocks with our FREE daily email newsletter.