The Dixie Group, Inc. (NASDAQ:DXYN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Dixie Group Inc. is a leading carpet and rug manufacturer and supplier to higher-end residential and commercial customers serviced by Masland Carpets and Fabrica International, to consumers through major retailers under the Bretlin, Globaltex and Alliance Mills brands and to the factory-built housing and recreational vehicle markets through Carriage Carpets. Dixie’s Candlewick Yarns serves specialty carpet yarn customers.(PR) “
Shares of The Dixie Group (NASDAQ DXYN) opened at 4.20 on Tuesday. The company has a 50-day moving average of $4.38 and a 200 day moving average of $3.92. The Dixie Group has a 12 month low of $3.20 and a 12 month high of $5.56. The company’s market capitalization is $65.83 million.
The Dixie Group (NASDAQ:DXYN) last announced its earnings results on Thursday, August 3rd. The textile maker reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $107.20 million for the quarter, compared to the consensus estimate of $107.60 million. The Dixie Group had a negative net margin of 0.41% and a negative return on equity of 1.62%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. Analysts forecast that The Dixie Group will post $0.18 EPS for the current year.
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Several institutional investors have recently modified their holdings of DXYN. Russell Investments Group Ltd. acquired a new position in shares of The Dixie Group during the fourth quarter valued at $493,000. Blair William & Co. IL boosted its position in shares of The Dixie Group by 5.2% in the second quarter. Blair William & Co. IL now owns 191,968 shares of the textile maker’s stock valued at $856,000 after buying an additional 9,500 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its position in shares of The Dixie Group by 51.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 192,420 shares of the textile maker’s stock valued at $693,000 after buying an additional 65,000 shares in the last quarter. Boston Partners boosted its position in shares of The Dixie Group by 78.8% in the first quarter. Boston Partners now owns 505,800 shares of the textile maker’s stock valued at $1,821,000 after buying an additional 222,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of The Dixie Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,091,102 shares of the textile maker’s stock valued at $3,928,000 after buying an additional 12,572 shares in the last quarter. 62.49% of the stock is owned by institutional investors.
The Dixie Group Company Profile
The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.
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