The Dixie Group (NASDAQ:DXYN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYNGet Rating) in a research report released on Saturday morning. The firm issued a hold rating on the textile maker’s stock.

Separately, TheStreet upgraded The Dixie Group from a d+ rating to a c- rating in a report on Wednesday, February 2nd.

Shares of The Dixie Group stock opened at $1.86 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.82 and a debt-to-equity ratio of 1.24. The firm has a market cap of $29.84 million, a price-to-earnings ratio of -185.81 and a beta of 2.50. The business has a fifty day simple moving average of $2.80 and a 200-day simple moving average of $4.26. The Dixie Group has a fifty-two week low of $1.68 and a fifty-two week high of $6.98.

The Dixie Group (NASDAQ:DXYNGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The textile maker reported ($0.22) earnings per share for the quarter. The firm had revenue of $77.58 million during the quarter. The Dixie Group had a net margin of 0.08% and a return on equity of 2.67%.

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in The Dixie Group by 30.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 76,392 shares of the textile maker’s stock valued at $438,000 after buying an additional 17,617 shares during the period. NewEdge Advisors LLC increased its position in The Dixie Group by 95.5% in the 4th quarter. NewEdge Advisors LLC now owns 29,774 shares of the textile maker’s stock worth $170,000 after purchasing an additional 14,541 shares during the last quarter. Northern Trust Corp increased its position in The Dixie Group by 26.3% in the 4th quarter. Northern Trust Corp now owns 25,825 shares of the textile maker’s stock worth $148,000 after purchasing an additional 5,380 shares during the last quarter. Marshall Wace LLP increased its position in The Dixie Group by 27.9% in the 4th quarter. Marshall Wace LLP now owns 25,167 shares of the textile maker’s stock worth $144,000 after purchasing an additional 5,487 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its position in The Dixie Group by 2.1% in the 1st quarter. Hodges Capital Management Inc. now owns 2,239,273 shares of the textile maker’s stock worth $6,942,000 after purchasing an additional 46,700 shares during the last quarter. 57.03% of the stock is currently owned by hedge funds and other institutional investors.

About The Dixie Group (Get Rating)

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. It offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.

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