Delta Apparel (DLA) Cut to Neutral at Roth Capital

Delta Apparel (NYSEAMERICAN:DLA) was downgraded by analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday.

Separately, Zacks Investment Research lowered shares of Delta Apparel from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th.

Shares of NYSEAMERICAN:DLA traded up $0.42 on Wednesday, reaching $24.10. 50,399 shares of the company’s stock were exchanged, compared to its average volume of 20,696. Delta Apparel has a twelve month low of $16.11 and a twelve month high of $24.50.

Delta Apparel (NYSEAMERICAN:DLA) last posted its quarterly earnings results on Monday, February 4th. The textile maker reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.06. The firm had revenue of $101.68 million for the quarter, compared to analyst estimates of $100.98 million.

In related news, Chairman Robert W. Humphreys sold 2,072 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $23.78, for a total value of $49,272.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert W. Humphreys sold 3,000 shares of the stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $21.05, for a total transaction of $63,150.00. Following the completion of the transaction, the chairman now directly owns 556,883 shares of the company’s stock, valued at approximately $11,722,387.15. The disclosure for this sale can be found here. Insiders have sold a total of 10,877 shares of company stock worth $235,850 in the last quarter.

A number of large investors have recently modified their holdings of DLA. Wilen Investment Management raised its stake in shares of Delta Apparel by 1.8% during the fourth quarter. Wilen Investment Management now owns 739,617 shares of the textile maker’s stock valued at $10,170,000 after acquiring an additional 13,114 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Delta Apparel by 8.4% during the first quarter. Acadian Asset Management LLC now owns 37,703 shares of the textile maker’s stock valued at $722,000 after acquiring an additional 2,906 shares during the last quarter. Algert Global LLC bought a new position in shares of Delta Apparel during the first quarter valued at $216,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Delta Apparel by 0.6% during the first quarter. BlackRock Institutional Trust Company N.A. now owns 179,832 shares of the textile maker’s stock valued at $3,442,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new position in shares of Delta Apparel during the first quarter valued at $111,000.

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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