Dixie Group Inc (DXYN) Holdings Trimmed by Hodges Capital Management Inc.

Hodges Capital Management Inc. lowered its holdings in shares of Dixie Group Inc (NASDAQ:DXYN) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,730,715 shares of the textile maker’s stock after selling 115,734 shares during the period. Hodges Capital Management Inc. owned approximately 0.11% of Dixie Group worth $6,663,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DXYN. Northern Trust Corp raised its stake in Dixie Group by 4.0% during the 2nd quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock valued at $141,000 after acquiring an additional 1,198 shares in the last quarter. Wells Fargo & Company MN raised its stake in Dixie Group by 3.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,696,021 shares of the textile maker’s stock valued at $6,785,000 after acquiring an additional 53,487 shares in the last quarter. Royce & Associates LP raised its stake in Dixie Group by 4.8% during the 3rd quarter. Royce & Associates LP now owns 1,466,930 shares of the textile maker’s stock valued at $5,868,000 after acquiring an additional 67,819 shares in the last quarter. Walthausen & Co. LLC bought a new stake in Dixie Group during the 3rd quarter valued at $400,000. Finally, Boston Partners raised its stake in Dixie Group by 37.1% during the 4th quarter. Boston Partners now owns 657,020 shares of the textile maker’s stock valued at $2,530,000 after acquiring an additional 177,690 shares in the last quarter. 62.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dixie Group Inc (NASDAQ:DXYN) opened at $3.10 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.81 and a current ratio of 2.61. The firm has a market capitalization of $52.46, a price-to-earnings ratio of -17.22 and a beta of 0.26. Dixie Group Inc has a 12 month low of $3.10 and a 12 month high of $5.20.

Dixie Group (NASDAQ:DXYN) last announced its earnings results on Thursday, November 9th. The textile maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $102.65 million for the quarter, compared to the consensus estimate of $107.70 million. Dixie Group had a negative net margin of 0.68% and a negative return on equity of 2.89%. equities research analysts expect that Dixie Group Inc will post 0.02 earnings per share for the current fiscal year.

DXYN has been the topic of several recent analyst reports. Zacks Investment Research raised Dixie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine downgraded Dixie Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

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About Dixie Group

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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Institutional Ownership by Quarter for Dixie Group (NASDAQ:DXYN)

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