According to Zacks, “DELTA APPAREL is a vertical manufacturer of knitwear products for the entire family. Our company purchases cotton direct from the field and through a stringently controlled process produces finished apparel for the domestic and international market place. The products we manufacture are sold under our brands of Delta Pro-Weight, Delta Magnum Weight, Healthknit and Quail Hollow Sportswear. In addition, Delta Apparel, Inc. also produces finished products for America’s leading retailers, corporate industry programs and sports licensed apparel marketers. “
A number of other research analysts also recently weighed in on the stock. TheStreet downgraded shares of Delta Apparel from a hold rating to a sell rating in a research report on Wednesday, August 17th. Roth Capital reaffirmed a buy rating on shares of Delta Apparel in a research report on Wednesday, June 29th.
Delta Apparel (NYSEMKT:DLA) opened at 15.23 on Tuesday. The firm has a market cap of $117.47 million, a price-to-earnings ratio of 11.17 and a beta of 0.07. Delta Apparel has a 12 month low of $11.61 and a 12 month high of $25.52. The stock’s 50 day moving average is $16.89 and its 200-day moving average is $20.15.
Delta Apparel (NYSEMKT:DLA) last released its earnings results on Monday, August 8th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.28. The business earned $111.60 million during the quarter, compared to the consensus estimate of $105.92 million. On average, analysts anticipate that Delta Apparel will post $1.40 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new position in shares of Delta Apparel during the first quarter worth approximately $111,000. BlackRock Advisors LLC increased its position in shares of Delta Apparel by 624.0% in the second quarter. BlackRock Advisors LLC now owns 6,103 shares of the company’s stock worth $138,000 after buying an additional 5,260 shares during the period. Walleye Trading LLC increased its position in shares of Delta Apparel by 331.6% in the second quarter. Walleye Trading LLC now owns 6,638 shares of the company’s stock worth $150,000 after buying an additional 5,100 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of Delta Apparel during the second quarter worth approximately $249,000. Finally, Teachers Advisors Inc. purchased a new position in shares of Delta Apparel during the second quarter worth approximately $249,000.
Delta Apparel Company Profile
Delta Apparel, Inc is an apparel design, marketing, manufacturing and sourcing company. The Company offers a portfolio of lifestyle basics and branded activewear apparel and headwear. The Company operates through two segments: branded and basics. The Company’s branded segment consists of its business units, which are focused on specialized apparel garments and headwear, including its Salt Life, Junkfood and Soffe business.
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