Delta Apparel (DLA) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Delta Apparel (NYSEAMERICAN:DLA) announced its quarterly earnings data on Monday. The textile maker reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.06, Morningstar.com reports.
DLA stock opened at $23.68 on Tuesday. Delta Apparel has a twelve month low of $16.11 and a twelve month high of $24.11.
Separately, Zacks Investment Research lowered shares of Delta Apparel from a “buy” rating to a “hold” rating in a report on Monday.
Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new stake in shares of Delta Apparel during the fourth quarter valued at about $25,000. Algert Global LLC raised its stake in shares of Delta Apparel by 34.4% during the third quarter. Algert Global LLC now owns 14,494 shares of the textile maker’s stock valued at $258,000 after purchasing an additional 3,706 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Delta Apparel during the third quarter valued at about $261,000. LSV Asset Management bought a new stake in shares of Delta Apparel during the third quarter valued at about $722,000. Finally, Renaissance Technologies LLC raised its stake in shares of Delta Apparel by 154.7% during the second quarter. Renaissance Technologies LLC now owns 46,100 shares of the textile maker’s stock valued at $892,000 after purchasing an additional 28,000 shares in the last quarter.
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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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