Delta Apparel, Inc. (NYSEAMERICAN:DLA) CEO Robert W. Humphreys sold 1,000 shares of Delta Apparel stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $23.44, for a total value of $23,440.00. Following the completion of the transaction, the chief executive officer now owns 538,910 shares in the company, valued at approximately $12,632,050.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of DLA stock traded up $0.89 during trading hours on Friday, reaching $24.39. 37,159 shares of the company’s stock were exchanged, compared to its average volume of 22,176. Delta Apparel, Inc. has a 1 year low of $16.11 and a 1 year high of $24.99.
Delta Apparel (NYSEAMERICAN:DLA) last issued its quarterly earnings results on Monday, February 4th. The textile maker reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.06. The business had revenue of $101.68 million for the quarter, compared to analysts’ expectations of $100.98 million.
Several research firms have issued reports on DLA. Zacks Investment Research upgraded Delta Apparel from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, February 1st. Roth Capital lowered Delta Apparel from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Wednesday, February 6th.
Hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in Delta Apparel in the fourth quarter valued at approximately $25,000. O Shaughnessy Asset Management LLC boosted its position in Delta Apparel by 38.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,825 shares of the textile maker’s stock valued at $100,000 after buying an additional 1,612 shares during the last quarter. Algert Global LLC boosted its position in Delta Apparel by 34.4% in the third quarter. Algert Global LLC now owns 14,494 shares of the textile maker’s stock valued at $258,000 after buying an additional 3,706 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Delta Apparel in the third quarter valued at approximately $261,000. Finally, Bank of America Corp DE boosted its position in Delta Apparel by 6.1% in the fourth quarter. Bank of America Corp DE now owns 16,537 shares of the textile maker’s stock valued at $285,000 after buying an additional 951 shares during the last quarter.
About Delta Apparel
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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