Delta Apparel, Inc. (NYSEAMERICAN:DLA)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $23.10. Delta Apparel shares last traded at $23.10, with a volume of 134 shares trading hands.
Several brokerages have recently commented on DLA. Zacks Investment Research raised shares of Delta Apparel from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Monday, August 5th. Roth Capital upgraded shares of Delta Apparel from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, August 1st.
Delta Apparel (NYSEAMERICAN:DLA) last announced its quarterly earnings results on Wednesday, July 31st. The textile maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $119.26 million for the quarter, compared to analysts’ expectations of $120.14 million.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new position in shares of Delta Apparel during the first quarter valued at about $65,000. O Shaughnessy Asset Management LLC grew its holdings in Delta Apparel by 84.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,728 shares of the textile maker’s stock worth $238,000 after purchasing an additional 4,903 shares during the period. Hodges Capital Management Inc. purchased a new stake in Delta Apparel in the first quarter worth about $267,000. Bank of America Corp DE grew its holdings in Delta Apparel by 6.1% in the fourth quarter. Bank of America Corp DE now owns 16,537 shares of the textile maker’s stock worth $285,000 after purchasing an additional 951 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Delta Apparel in the second quarter worth about $342,000.
About Delta Apparel (NYSEAMERICAN:DLA)
Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets a portfolio of lifestyle active wear apparel and related accessory products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It markets, distributes, manufactures, and sells unembellished knit apparel under the Soffe, Delta Platinum, Delta Pro Weight, and Delta Magnum Weight brands to various large licensed screen printers and small independent businesses.
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