Zacks Investment Research upgraded shares of Delta Apparel, Inc. (NYSEMKT:DLA) from a sell rating to a hold rating in a report released on Tuesday.
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. “
Several other analysts have also issued reports on the stock. Roth Capital set a $26.00 target price on shares of Delta Apparel and gave the company a buy rating in a research report on Wednesday, November 30th. TheStreet upgraded shares of Delta Apparel from a sell rating to a buy rating in a research report on Thursday, December 15th.
Shares of Delta Apparel (NYSEMKT:DLA) opened at 18.05 on Tuesday. Delta Apparel has a 52-week low of $12.10 and a 52-week high of $25.52. The stock has a market capitalization of $136.80 million, a price-to-earnings ratio of 16.12 and a beta of 0.07. The company has a 50-day moving average of $20.10 and a 200-day moving average of $18.95.
Delta Apparel (NYSEMKT:DLA) last released its quarterly earnings data on Tuesday, November 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm earned $114.40 million during the quarter. Equities research analysts anticipate that Delta Apparel will post $1.75 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Delta Apparel during the fourth quarter worth $4,979,000. BlackRock Fund Advisors raised its position in Delta Apparel by 820.5% in the second quarter. BlackRock Fund Advisors now owns 183,672 shares of the company’s stock worth $4,142,000 after buying an additional 163,719 shares during the last quarter. Emerald Acquisition Ltd. raised its position in Delta Apparel by 51.2% in the third quarter. Emerald Acquisition Ltd. now owns 252,445 shares of the company’s stock worth $4,155,000 after buying an additional 85,457 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Delta Apparel by 45.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 261,908 shares of the company’s stock worth $5,906,000 after buying an additional 82,076 shares during the last quarter. Finally, Numeric Investors LLC acquired a new position in Delta Apparel during the second quarter worth $1,565,000.
About Delta Apparel
Delta Apparel, Inc is an apparel design, marketing, manufacturing and sourcing company. The Company operates through two segments: branded and basics. The branded segment consists of its business units, which are focused on specialized apparel garments and headwear. Its products are marketed under its lifestyle brands of Salt Life, Junk Food, Soffe and COAST, as well as other labels.
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