Delta Apparel (NYSEAMERICAN:DLA) announced its quarterly earnings data on Wednesday. The textile maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07, Morningstar.com reports. The business had revenue of $119.26 million for the quarter, compared to the consensus estimate of $120.14 million.
NYSEAMERICAN DLA opened at $20.81 on Friday. Delta Apparel has a 52 week low of $16.11 and a 52 week high of $24.99.
Several research analysts have commented on DLA shares. Roth Capital upgraded shares of Delta Apparel from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday. Zacks Investment Research upgraded shares of Delta Apparel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
Large investors have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new stake in shares of Delta Apparel in the 1st quarter worth approximately $65,000. O Shaughnessy Asset Management LLC lifted its stake in Delta Apparel by 84.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 10,728 shares of the textile maker’s stock valued at $238,000 after purchasing an additional 4,903 shares during the last quarter. Hodges Capital Management Inc. acquired a new stake in Delta Apparel during the first quarter valued at approximately $267,000. Tibra Equities Europe Ltd acquired a new stake in Delta Apparel during the first quarter valued at approximately $302,000. Finally, Bank of America Corp DE lifted its stake in Delta Apparel by 6.1% during the fourth quarter. Bank of America Corp DE now owns 16,537 shares of the textile maker’s stock valued at $285,000 after purchasing an additional 951 shares during the last quarter.
Delta Apparel Company Profile
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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