Delta Apparel (NYSEAMERICAN:DLA – Get Rating) released its quarterly results on Tuesday. The textile maker reported EPS of $1.44 for the quarter, beating Thomson Reuters consensus estimate of $0.76 from $0.68, MarketWatch Earnings reports. Delta Apparel had a net margin of 4.65% and a return on equity of 13.35%.
DLA stock opened at $31.44 on Thursday. Delta Apparel has a 12 month minimum of $24.10 and a 12 month maximum of $35.26. The company has a debt ratio of 0.71, a current ratio of 2.30 and a quick ratio of 0.77. The company has a market capitalization of $218.48 million, a price-earnings ratio of 11.03 and a beta of 1.61.
A number of hedge funds have recently increased or reduced their stakes in the company. Bank of America Corp DE increased its position in Delta Apparel by 2.8% in the fourth quarter. Bank of America Corp DE now owns 57,486 shares of the textile maker worth $1,710,000 after buying an additional 1,550 shares last quarter. Morgan Stanley increased its position in Delta Apparel by 24,022.2% in Q1. Morgan Stanley now owns 2,171 shares of the textile maker worth $59,000 after buying 2,162 more shares last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Delta Apparel during the 4th quarter at a value of $306,000. Institutional investors hold 56.96% of the company’s shares.
Separately, Zacks Investment Research upgraded Delta Apparel shares from a “hold” rating to a “buy” rating and set a price target of $35.00 for the company in a Thursday research report. April 14.
About Delta Clothing (Get a rating)
Delta Apparel, Inc., through its subsidiaries, designs, manufactures, sources and markets activewear and lifestyle apparel in the United States and around the world. The Company operates through two segments, Delta Group and Salt Life Group. It offers digitally printed on-demand clothing products under the DTG2Go brand; silhouettes and polar products; performance shirts that keep athletes dry under the Delta Dri line brand; ring-spun clothing; Delta Soft clothing products; and traditional, mid-weight and heavyweight t-shirts under the Delta Pro Weight and Magnum Weight brands, as well as polo shirts, outerwear, headwear, bags and other accessories.
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