TIAA CREF Investment Management LLC Has $341,000 Position in Delta Apparel, Inc. (DLA)
TIAA CREF Investment Management LLC lowered its position in shares of Delta Apparel, Inc. (NYSEMKT:DLA) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,349 shares of the textile maker’s stock after selling 1,036 shares during the period. TIAA CREF Investment Management LLC owned 0.25% of Delta Apparel worth $341,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased 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 during the period. Wellington Management Group LLP increased 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 during the period. State Street Corp increased its stake in shares of 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 increased 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 during the period.
Shares of Delta Apparel, Inc. (NYSEMKT DLA) traded down 3.36% during midday trading on Tuesday, reaching $19.01. 180 shares of the company traded hands. The company has a 50 day moving average price of $20.06 and a 200 day moving average price of $19.06. Delta Apparel, Inc. has a 1-year low of $14.85 and a 1-year high of $23.47. The company has a market capitalization of $142.35 million, a PE ratio of 14.09 and a beta of 0.07.
Delta Apparel (NYSEMKT:DLA) last announced its earnings results on Tuesday, August 1st. The textile maker reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $104.28 million during the quarter, compared to analyst estimates of $100.44 million. Delta Apparel had a net margin of 4.28% and a return on equity of 11.49%. On average, analysts expect that Delta Apparel, Inc. will post $1.25 earnings per share for the current year.
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Several brokerages recently weighed in on DLA. Zacks Investment Research downgraded shares of Delta Apparel from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Roth Capital set a $24.00 price target on shares of Delta Apparel and gave the company a “buy” rating in a research 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.
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