Delta Apparel (DLA) Upgraded by Zacks Investment Research to Strong-Buy

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.

Delta Apparel (NYSEAMERICAN:DLA) last issued its quarterly earnings data on Tuesday, November 28th. The textile maker reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Delta Apparel had a net margin of 2.30% and a return on equity of 5.38%. The business had revenue of $91.33 million for the quarter, compared to analyst estimates of $105.29 million.

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.

TRADEMARK VIOLATION NOTICE: “Delta Apparel (DLA) Upgraded by Zacks Investment Research to Strong-Buy” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.com-unik.info/2018/02/09/delta-apparel-dla-upgraded-by-zacks-investment-research-to-strong-buy.html.

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.

Get a free copy of the Zacks research report on Delta Apparel (DLA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Delta Apparel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Apparel and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit