StockNews.com began covering stocks of The Dixie Group (NASDAQ:DXYN – Get A Note) in a report released Thursday. The company has placed a “hold” rating on the shares of the textile maker.
DXYN opened at $1.28 on Thursday. The stock has a market capitalization of $20.54 million, a price-earnings ratio of -127.87 and a beta of 2.52. The stock’s 50-day moving average price is $2.04 and its 200-day moving average price is $3.47. The Dixie Group has a one-year low of $1.22 and a one-year high of $6.98. The company has a debt ratio of 1.24, a quick ratio of 1.06 and a current ratio of 2.82.
Dixie Group (NASDAQ:DXYN – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The textile maker reported ($0.22) earnings per share (EPS) for the quarter. The Dixie Group had a return on equity of 2.67% and a net margin of 0.08%. The company had revenue of $77.58 million in the quarter.
Large investors have recently changed their positions in the stock. Marshall Wace LLP purchased a new stake in The Dixie Group during Q3 for $96,000. First Eagle Investment Management LLC increased its position in The Dixie Group by 306.5% during the fourth quarter. First Eagle Investment Management LLC now owns 62,277 shares of the textile maker valued at $357,000 after acquiring an additional 46,955 shares last quarter. Acadian Asset Management LLC increased its position in The Dixie Group by 14.4% during the 4th quarter. Acadian Asset Management LLC now owns 146,409 shares of the textile maker valued at $837,000 after acquiring 18,466 additional shares last quarter. Essex Investment Management Co. LLC increased its position in The Dixie Group by 63.5% during the fourth quarter. Essex Investment Management Co. LLC now owns 150,432 shares of the textile maker valued at $862,000 after acquiring an additional 58,399 shares last quarter. Finally, Royce & Associates LP strengthened its position in The Dixie Group by 1.5% in the 1st quarter. Royce & Associates LP now owns 899,472 shares of the textile maker valued at $2,788,000 after acquiring 13,341 additional shares last quarter. 57.03% of the shares are currently held by institutional investors.
About the Dixie Group (Get an assessment)
The Dixie Group, Inc. manufactures, markets and sells flooring products to residential customers in North America and internationally. It offers residential rugs, custom rugs and engineered wood products under the Fabrica brand for interior decorators and designers, select furniture retailers and stores, luxury home builders and coach manufacturers. and luxury yachts; and specialty carpets and rugs for the high-end residential market, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand through the interior design community and specialty flooring retailers.
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