Delta Apparel (NYSE:DLA) Announces Quarterly Earnings Results, Misses Estimates By $0.32 EPS

Delta Apparel (NYSE:DLAGet Free Report) posted its earnings results on Monday. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.32), MarketWatch Earnings reports. Delta Apparel had a negative return on equity of 8.58% and a negative net margin of 8.00%.

Delta Apparel Trading Down 5.0 %

Delta Apparel stock opened at $6.99 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 0.44. Delta Apparel has a 12 month low of $6.45 and a 12 month high of $14.51. The stock has a fifty day simple moving average of $7.42 and a two-hundred day simple moving average of $7.80.

Institutional Trading of Delta Apparel

Several large investors have recently modified their holdings of DLA. Wells Fargo & Company MN grew its holdings in shares of Delta Apparel by 12,058.2% in the fourth quarter. Wells Fargo & Company MN now owns 252,039 shares of the company’s stock worth $2,674,000 after acquiring an additional 249,966 shares during the period. Franklin Resources Inc. grew its holdings in shares of Delta Apparel by 190.1% in the first quarter. Franklin Resources Inc. now owns 210,718 shares of the company’s stock worth $2,318,000 after acquiring an additional 138,082 shares during the period. Boothbay Fund Management LLC grew its holdings in shares of Delta Apparel by 43.9% in the fourth quarter. Boothbay Fund Management LLC now owns 131,201 shares of the company’s stock worth $1,392,000 after acquiring an additional 40,012 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Delta Apparel by 34.6% in the fourth quarter. Neuberger Berman Group LLC now owns 124,242 shares of the company’s stock worth $1,318,000 after acquiring an additional 31,951 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Delta Apparel by 112.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 43,325 shares of the company’s stock worth $606,000 after acquiring an additional 22,973 shares during the period. Institutional investors own 50.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Delta Apparel from a “hold” rating to a “sell” rating in a report on Monday.

Read Our Latest Report on DLA

About Delta Apparel

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Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets activewear and lifestyle apparel products in the United States, Honduras, El Salvador, Mexico, and internationally. The company operates through two segments, Delta Group and Salt Life Group. It offers on-demand digitally printed apparel products under the DTG2Go brand; silhouettes and fleece products; performance shirts that keep athletes dry under the Delta Dri line brand; ringspun garments; Delta Soft apparel products; and heritage, mid- and heavier-weight tee shirts under the Delta Pro Weight and Magnum Weight brand names, as well as polos, outerwear, headwear, bags, and other accessories under the Soffe brand.

See Also

Earnings History for Delta Apparel (NYSE:DLA)

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