StockNews.com Begins Coverage on Delta Apparel (NYSE:DLA)

StockNews.com assumed coverage on shares of Delta Apparel (NYSE:DLA) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the stock.

Delta Apparel Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 0.21. Delta Apparel has a fifty-two week low of $0.40 and a fifty-two week high of $11.02. The business’s 50-day moving average price is $1.46 and its 200-day moving average price is $3.74.

Delta Apparel (NYSE:DLA) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($2.53) earnings per share for the quarter. The company 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%.

Hedge Funds Weigh In On Delta Apparel

A hedge fund recently raised its stake in Delta Apparel stock. Franklin Resources Inc. raised its holdings in Delta Apparel, Inc. (NYSE:DLA) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,890 shares of the company’s stock after purchasing 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 SEC filing. 73.98% of the stock is owned by institutional investors and hedge funds.

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.