Delta Apparel, Inc. (NYSEMKT:DLA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Friday.

According to Zacks, “DELTA APPAREL is a vertical manufacturer of knitwear products for the entire family. Our company purchases cotton direct from the field and through a stringently controlled process produces finished apparel for the domestic and international market place. The products we manufacture are sold under our brands of Delta Pro-Weight, Delta Magnum Weight, Healthknit and Quail Hollow Sportswear. In addition, Delta Apparel, Inc. also produces finished products for America’s leading retailers, corporate industry programs and sports licensed apparel marketers. “

Separately, Roth Capital set a $24.00 price target on shares of Delta Apparel and gave the company a “buy” rating in a research report on Wednesday.

Shares of Delta Apparel (NYSEMKT DLA) traded down 0.35% on Friday, hitting $19.91. The company had a trading volume of 66,991 shares. The company has a 50-day moving average of $21.59 and a 200 day moving average of $19.08. Delta Apparel has a 12 month low of $14.85 and a 12 month high of $23.68. The stock has a market cap of $149.09 million, a PE ratio of 14.76 and a beta of 0.07.

Delta Apparel (NYSEMKT:DLA) last released its earnings results on Tuesday, August 1st. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.68 by $0.11. Delta Apparel had a net margin of 4.37% and a return on equity of 11.95%. The business had revenue of $104.28 million for the quarter, compared to analyst estimates of $100.44 million. Analysts anticipate that Delta Apparel will post $1.25 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of DLA. Wells Fargo & Company MN increased its stake in shares of Delta Apparel by 12.8% in the first quarter. Wells Fargo & Company MN now owns 698,458 shares of the textile maker’s stock valued at $12,314,000 after buying an additional 78,992 shares during the period. Wellington Management Group LLP increased its stake in shares of Delta Apparel by 23.6% in the first quarter. Wellington Management Group LLP now owns 281,162 shares of the textile maker’s stock valued at $4,957,000 after buying an additional 53,711 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Delta Apparel by 19.6% in the second quarter. Russell Investments Group Ltd. now owns 269,321 shares of the textile maker’s stock valued at $5,973,000 after buying an additional 44,205 shares during the period. State Street Corp increased its stake in shares of Delta Apparel by 5.8% in the fourth quarter. State Street Corp now owns 90,962 shares of the textile maker’s stock valued at $1,887,000 after buying an additional 4,974 shares during the period. Finally, Bragg Financial Advisors Inc increased its stake in shares of Delta Apparel by 0.8% in the first quarter. Bragg Financial Advisors Inc now owns 68,444 shares of the textile maker’s stock valued at $1,207,000 after buying an additional 570 shares during the period.

About Delta Apparel

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.

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