Zacks Investment Research upgraded shares of Delta Apparel (NYSEAMERICAN:DLA) from a hold rating to a strong-buy rating in a report released on Tuesday. Zacks Investment Research currently has $20.00 target price on the textile maker’s stock.
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. “
Shares of Delta Apparel (NYSEAMERICAN DLA) opened at $19.17 on Tuesday. Delta Apparel has a 12 month low of $15.55 and a 12 month high of $23.47. The firm has a market capitalization of $139.02, a P/E ratio of 479.25 and a beta of -0.40.
Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in shares of Delta Apparel by 266.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,630 shares of the textile maker’s stock worth $114,000 after acquiring an additional 4,093 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Delta Apparel by 0.8% in the 3rd quarter. Wells Fargo & Company MN now owns 710,230 shares of the textile maker’s stock worth $15,263,000 after acquiring an additional 5,488 shares in the last quarter. State Street Corp grew its position in shares of Delta Apparel by 10.4% in 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 in the last quarter. California Public Employees Retirement System grew its position in shares of Delta Apparel by 11.4% in the 2nd quarter. California Public Employees Retirement System now owns 33,100 shares of the textile maker’s stock worth $734,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Delta Apparel by 3.1% in 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 in the last quarter.
Delta Apparel Company 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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