Shares of Delta Apparel, Inc. (NYSEAMERICAN:DLA) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $24.34. Delta Apparel shares last traded at $23.98, with a volume of 1,113 shares traded.
Separately, Zacks Investment Research cut shares of Delta Apparel from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th.
Delta Apparel (NYSEAMERICAN:DLA) last posted its quarterly earnings data on Monday, May 6th. The textile maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). The company had revenue of $102.84 million for the quarter, compared to analysts’ expectations of $106.16 million.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new stake in shares of Delta Apparel in the 1st quarter valued at $65,000. O Shaughnessy Asset Management LLC increased its position in shares of Delta Apparel by 38.3% in the 4th 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 in the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Delta Apparel in the 1st quarter valued at $267,000. Bank of America Corp DE increased its position in shares of Delta Apparel by 6.1% in the 4th 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 in the last quarter. Finally, Tibra Equities Europe Ltd bought a new stake in shares of Delta Apparel in the 1st quarter valued at $302,000.
About Delta Apparel (NYSEAMERICAN:DLA)
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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