Insider Buy: Delta Apparel, Inc. (NYSEAMERICAN: DLA) Manager buys 1,000 shares

Delta Apparel, Inc. (NYSEAMERICAN:DLA – Get Rating) Director A Alexander Taylor II purchased 1,000 shares of Delta Apparel in a trade that took place on Wednesday, May 11. The shares were purchased at an average cost of $28.41 per share, with a total value of $28,410.00. Following the transaction, the administrator now directly owns 21,881 shares of the company, valued at $621,639.21. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.

Shares of DLA opened at $28.61 on Friday. Delta Apparel, Inc. 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 quick ratio of 0.77 and a current ratio of 2.30. The company has a market capitalization of $198.81 million, a P/E ratio of 10.04 and a beta of 1.61.

Delta Apparel (NYSEAMERICAN:DLA – Get Rating) last reported results on Tuesday, May 3. The textile maker reported earnings per share (EPS) of $1.44 for the quarter, beating the consensus estimate of $0.76 by $0.68. Delta Apparel had a net margin of 4.65% and a return on equity of 13.35%. As a group, stock analysts predict Delta Apparel, Inc. will post EPS of 3.17 for the current year.

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 14 research report. april.

A number of hedge funds have recently changed their stock holdings. Invenire Partners LP increased its stake in Delta Apparel by 15.2% in the first quarter. Invenire Partners LP now owns 91,079 shares of the textile maker worth $2,713,000 after buying an additional 12,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Delta Apparel by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 549,128 shares of the textile maker worth $16,359,000 after buying an additional 8,900 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in Delta Apparel by 6.0% in the first quarter. Hodges Capital Management Inc. now owns 23,310 shares of the textile maker worth $694,000 after buying 1,310 additional shares in the last quarter. Compass Ion Advisors LLC acquired a new stake in Delta Apparel in the first quarter worth approximately $220,000. Finally, Annex Advisory Services LLC purchased a new position in Delta Apparel stock during Q1 for $261,000. Institutional investors hold 56.96% of the company’s shares.

Delta Apparel Company Profile (Get an assessment)

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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