Roth Capital lowered shares of Delta Apparel (NYSEAMERICAN:DLA) from a buy rating to a neutral rating in a report released on Wednesday morning, MarketBeat.com reports. Roth Capital currently has $26.00 target price on the textile maker’s stock.
Separately, Zacks Investment Research lowered shares of Delta Apparel from a buy rating to a hold rating in a report on Monday, February 4th.
Shares of DLA stock opened at $24.35 on Wednesday. Delta Apparel has a 52-week low of $16.11 and a 52-week high of $24.50.
Delta Apparel (NYSEAMERICAN:DLA) last announced its quarterly earnings data on Monday, February 4th. The textile maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $101.68 million during the quarter, compared to the consensus estimate of $100.98 million.
In other Delta Apparel news, Chairman Robert W. Humphreys sold 3,000 shares of the stock in a transaction on Friday, January 25th. The shares were sold at an average price of $21.05, for a total value of $63,150.00. Following the sale, the chairman now directly owns 556,883 shares in the company, valued at $11,722,387.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Robert W. Humphreys sold 1,685 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $24.16, for a total transaction of $40,709.60. Following the completion of the sale, the chairman now owns 548,811 shares in the company, valued at $13,259,273.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,562 shares of company stock worth $276,559.
A number of institutional investors and hedge funds have recently bought and sold shares of DLA. Oppenheimer Asset Management Inc. acquired a new stake in Delta Apparel in the fourth quarter worth $25,000. Algert Global LLC raised its holdings in shares of Delta Apparel by 34.4% during the third quarter. Algert Global LLC now owns 14,494 shares of the textile maker’s stock worth $258,000 after acquiring an additional 3,706 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Delta Apparel during the third quarter worth $261,000. LSV Asset Management acquired a new stake in shares of Delta Apparel during the third quarter worth $722,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Delta Apparel by 154.7% during the second quarter. Renaissance Technologies LLC now owns 46,100 shares of the textile maker’s stock worth $892,000 after acquiring an additional 28,000 shares during the period.
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.
Featured Article: What are no-load funds?