Delta Apparel (NYSE:DLA) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Delta Apparel (NYSE:DLA) in a research report released on Sunday morning. The brokerage issued a hold rating on the stock.

Delta Apparel Trading Up 5.6 %

Shares of DLA stock opened at $2.81 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.44 and a current ratio of 2.28. The company has a market capitalization of $19.81 million, a price-to-earnings ratio of -0.51 and a beta of 1.18. Delta Apparel has a 52-week low of $2.28 and a 52-week high of $11.49. The company has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $5.71.

Delta Apparel (NYSE:DLA) last released its earnings results on Monday, February 12th. The company reported ($0.94) earnings per share (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 the consensus estimate of $92.50 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Delta Apparel stock. Certified Advisory Corp bought a new position in shares of Delta Apparel, Inc. (NYSE:DLA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 hedge funds and other institutional investors.

About Delta Apparel

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.