The Manufacturers Life Insurance Company grew its holdings in shares of Delta Apparel, Inc. (NYSEAMERICAN:DLA) by 266.3% in the 4th quarter, Holdings Channel reports. The firm owned 5,630 shares of the textile maker’s stock after acquiring an additional 4,093 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Delta Apparel were worth $114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Delta Apparel by 0.8% during the 3rd quarter. Wells Fargo & Company MN now owns 710,230 shares of the textile maker’s stock valued at $15,263,000 after purchasing an additional 5,488 shares during the last quarter. State Street Corp grew its stake in shares of Delta Apparel by 10.4% during the 2nd quarter. State Street Corp now owns 100,582 shares of the textile maker’s stock worth $2,232,000 after acquiring an additional 9,476 shares during the period. Vanguard Group Inc. grew its stake in shares of Delta Apparel by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 241,235 shares of the textile maker’s stock worth $5,350,000 after acquiring an additional 7,235 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Delta Apparel by 4.7% during the 2nd quarter. Northern Trust Corp now owns 102,373 shares of the textile maker’s stock worth $2,271,000 after acquiring an additional 4,561 shares during the period.
Delta Apparel stock opened at $18.51 on Friday. The firm has a market capitalization of $128.37, a price-to-earnings ratio of 12.34 and a beta of -0.34. Delta Apparel, Inc. has a 12 month low of $16.41 and a 12 month high of $23.47.
Separately, Zacks Investment Research upgraded Delta Apparel from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Tuesday, February 6th.
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Delta Apparel Profile
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, Soffe and COAST, as well as other labels.
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