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 commented on DLA. Roth Capital reissued a buy rating on shares of Delta Apparel in a research report on Wednesday, June 29th. TheStreet cut shares of Delta Apparel from a hold rating to a sell rating in a research note on Wednesday, August 17th.
Shares of Delta Apparel (NYSEMKT:DLA) opened at 15.73 on Tuesday. The company has a market cap of $121.33 million, a PE ratio of 11.54 and a beta of 0.07. The company has a 50-day moving average of $17.19 and a 200-day moving average of $20.24. Delta Apparel has a 1-year low of $11.61 and a 1-year high of $25.52.
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. Equities analysts forecast that Delta Apparel will post $1.40 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. bought a new stake in Delta Apparel during the second quarter worth about $249,000. Hillsdale Investment Management Inc. boosted its stake in shares of Delta Apparel by 36.5% in the second quarter. Hillsdale Investment Management Inc. now owns 18,700 shares of the company’s stock valued at $422,000 after buying an additional 5,000 shares during the period. American Century Companies Inc. acquired a new stake in shares of Delta Apparel during the second quarter valued at $271,000. Numeric Investors LLC acquired a new stake in shares of Delta Apparel during the second quarter valued at $1,565,000. Finally, Eagle Global Advisors LLC boosted its stake in shares of Delta Apparel by 7.0% in the second quarter. Eagle Global Advisors LLC now owns 30,240 shares of the company’s stock valued at $682,000 after buying an additional 1,990 shares during the period.
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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