Initiates Coverage on Delta Apparel (NYSE:DLA)

Investment analysts at started coverage on shares of Delta Apparel (NYSE:DLAGet Free Report) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Delta Apparel Stock Performance

Shares of NYSE DLA opened at $0.47 on Friday. Delta Apparel has a 52-week low of $0.47 and a 52-week high of $11.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.21 and a current ratio of 1.01. The firm’s fifty day moving average is $1.72 and its two-hundred day moving average is $4.03. The company has a market cap of $3.31 million, a P/E ratio of -0.05 and a beta of 1.06.

Delta Apparel (NYSE:DLAGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($2.53) earnings per share for the quarter. The business had revenue of $78.94 million during the quarter. Delta Apparel had a negative return on equity of 20.00% and a negative net margin of 18.92%.

Institutional Investors Weigh In On Delta Apparel

A hedge fund recently raised its stake in Delta Apparel stock. Franklin Resources Inc. raised its stake in Delta Apparel, Inc. (NYSE:DLAFree Report) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,890 shares of the company’s stock after buying an additional 21,340 shares during the period. Franklin Resources Inc. owned about 2.64% of Delta Apparel worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 73.98% of the company’s stock.

Delta Apparel Company Profile

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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.

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