ValuEngine upgraded shares of Delta Apparel, Inc. (NYSEMKT:DLA) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Delta Apparel from a hold rating to a strong sell rating in a research note on Friday, August 4th. Roth Capital set a $24.00 price target on Delta Apparel and gave the stock a buy rating in a research note on Wednesday, August 2nd.

Shares of Delta Apparel (NYSEMKT DLA) traded up 8.05% during midday trading on Friday, hitting $21.20. 93,383 shares of the company’s stock traded hands. The stock has a market cap of $158.75 million, a P/E ratio of 15.72 and a beta of 0.07. The company has a 50 day moving average of $19.90 and a 200 day moving average of $19.12. Delta Apparel has a 52 week low of $14.85 and a 52 week high of $23.47.

Delta Apparel (NYSEMKT:DLA) last released its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.11. Delta Apparel had a return on equity of 11.49% and a net margin of 4.28%. The business had revenue of $104.28 million during the quarter, compared to the consensus estimate of $100.44 million. On average, equities analysts forecast that Delta Apparel will post $1.25 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was first posted by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.watchlistnews.com/delta-apparel-inc-dla-upgraded-by-valuengine-to-buy/1538450.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Delta Apparel by 10.4% in the second quarter. State Street Corp now owns 100,582 shares of the textile maker’s stock valued at $2,232,000 after buying an additional 9,476 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Delta Apparel by 11.4% in the second quarter. California Public Employees Retirement System now owns 33,100 shares of the textile maker’s stock valued at $734,000 after buying an additional 3,400 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Delta Apparel by 3.1% in the second quarter. Vanguard Group Inc. now owns 241,235 shares of the textile maker’s stock valued at $5,350,000 after buying an additional 7,235 shares in the last quarter. Northern Trust Corp boosted its position in shares of Delta Apparel by 4.7% in the second quarter. Northern Trust Corp now owns 102,373 shares of the textile maker’s stock valued at $2,271,000 after buying an additional 4,561 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Delta Apparel by 0.9% in the second quarter. Wells Fargo & Company MN now owns 704,742 shares of the textile maker’s stock valued at $15,633,000 after buying an additional 6,284 shares in the last quarter.

Delta Apparel Company Profile

Delta Apparel, Inc is an apparel design, marketing, manufacturing and sourcing company. The Company operates through two segments: branded and basics. The branded segment consists of its business units, which are focused on specialized apparel garments and headwear. Its products are marketed under its lifestyle brands of Salt Life, Soffe and COAST, as well as other labels.

Receive News & Ratings for Delta Apparel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Apparel Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.