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

Equities research analysts at StockNews.com assumed coverage on shares of Delta Apparel (NYSE:DLA) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Delta Apparel Stock Performance

Shares of DLA stock opened at $0.58 on Friday. Delta Apparel has a 1 year low of $0.40 and a 1 year high of $11.02. The stock has a market cap of $4.09 million, a PE ratio of -0.06 and a beta of 1.06. The stock has a fifty day moving average price of $1.51 and a 200 day moving average price of $3.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.21 and a current ratio of 1.01.

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. Delta Apparel had a negative return on equity of 20.00% and a negative net margin of 18.92%. The company had revenue of $78.94 million during the quarter.

Hedge Funds 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:DLA) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,890 shares of the company’s stock after acquiring an additional 21,340 shares during the quarter. Franklin Resources Inc. owned approximately 2.64% of Delta Apparel worth $1,318,000 at the end of the most recent quarter. 73.98% of the stock is currently 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.