DLA - Delta Apparel Would Gain From Retaining Its Salt Life Business Than By Selling Says Analyst | Benzinga
Telsey Advisory Group analyst Dala Telsey reiterated a Moderate Risk rating on the shares of Delta Apparel Inc (NYSE: DLA) with an unchanged price target of $10.
DLA announced receiving an unsolicited offer for its Salt Life business yesterday.
When DLA acquired Salt Life in 2013, it was a small regional brand with a primarily wholesale business, noted the analyst.
Since then, the company has grown the brand to $60 million in sales last year and grown its total DTC offering (retail and e-commerce) to 28% of sales as of FY22.
Salt Life has been an important growth ...