Bank of America Corp DE boosted its stake in Delta Apparel, Inc. (NYSEMKT:DLA) by 20.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,407 shares of the textile maker’s stock after buying an additional 3,765 shares during the period. Bank of America Corp DE owned 0.30% of Delta Apparel worth $395,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of Delta Apparel during the first quarter valued at about $291,000. California Public Employees Retirement System raised its stake in shares of Delta Apparel by 26.4% in the first quarter. California Public Employees Retirement System now owns 29,700 shares of the textile maker’s stock valued at $524,000 after buying an additional 6,200 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of 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 in the last quarter.

Delta Apparel, Inc. (NYSEMKT:DLA) traded down 3.36% during trading on Tuesday, reaching $19.01. The company’s stock had a trading volume of 180 shares. Delta Apparel, Inc. has a 52 week low of $14.85 and a 52 week high of $23.47. The company’s 50 day moving average price is $20.06 and its 200 day moving average price is $19.06. The company has a market cap of $142.35 million, a P/E ratio of 14.09 and a beta of 0.07.

Delta Apparel (NYSEMKT:DLA) last announced its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.68 by $0.11. The company had revenue of $104.28 million during the quarter, compared to the consensus estimate of $100.44 million. Delta Apparel had a return on equity of 11.49% and a net margin of 4.28%. On average, equities analysts anticipate that Delta Apparel, Inc. will post $1.25 earnings per share for the current fiscal year.

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Several research firms have weighed in on DLA. Roth Capital set a $24.00 target price on Delta Apparel and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered Delta Apparel from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th.

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.

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Institutional Ownership by Quarter for Delta Apparel (NYSEMKT:DLA)

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