Important negative changes in fundamentals have recently occurred for Delta Apparel Inc (NYSEAMERICAN: DLA): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for September, 2024 decreased significantly.
Delta Apparel Inc (NYSEAMERICAN: DLA) suffers from meaningful negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, DLA is expected to be Value Creation neutral.
Delta Apparel has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Delta Apparel has a good Appreciation Score of 83 but a very low Power Rating of 11, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
Delta Apparel Inc (NYSEAMERICAN: DLA) stock closed at $7.13 on 12/29/23 after a decline of -3.5%. Moreover, trading volume in this decline was exceptionally high at 294% of normal. The stock has declined -1.2% during the last week and has been weak relative to the market over the last nine months.
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