Delta Apparel (NYSEAMERICAN:DLA) Releases Earnings Results, Beats Expectations By $0.07 EPS

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.

In other news, Chairman Robert W. Humphreys sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $22.00, for a total value of $55,000.00. Following the completion of the sale, the chairman now directly owns 516,649 shares of the company’s stock, valued at approximately $11,366,278. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert W. Humphreys sold 2,461 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $21.60, for a total transaction of $53,157.60. Following the completion of the sale, the chairman now directly owns 512,149 shares of the company’s stock, valued at $11,062,418.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,961 shares of company stock valued at $195,898.

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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Earnings History for Delta Apparel (NYSEAMERICAN:DLA)

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