The Dixie Group, Inc. (NASDAQ:DXYN – Get Rating) saw strong growth in short-term interest in March. As of March 31, there were short interests totaling 87,300 shares, a growth of 48.0% from the total of 59,000 shares as of March 15. Based on an average daily volume of 43,200 shares, the short interest ratio is currently 2.0 days.
DXYN has been the subject of several research analyst reports. TheStreet upgraded shares of The Dixie Group from a “d+” rating to a “c-” rating in a Wednesday, February 2, research report. StockNews.com began covering shares of The Dixie Group in a research report on Monday, April 11. They have placed a “holding” rating on the stock.
A number of hedge funds have recently changed their positions in DXYN. Essex Investment Management Co. LLC acquired a new position in The Dixie Group in Q3, valued at approximately $447,000. Morgan Stanley increased its stake in The Dixie Group by 14.6% in the second quarter. Morgan Stanley now owns 455,500 shares of the textile maker valued at $1,335,000 after buying an additional 58,150 shares in the last quarter. First Eagle Investment Management LLC increased its stake in The Dixie Group by 306.5% in the fourth quarter. First Eagle Investment Management LLC now owns 62,277 shares of the textile maker valued at $357,000 after buying an additional 46,955 shares in the last quarter. Marshall Wace LLP acquired a new position in The Dixie Group in Q3 worth approximately $96,000. Finally, Acadian Asset Management LLC increased its stake in The Dixie Group by 14.4% in the 4th quarter. Acadian Asset Management LLC now owns 146,409 shares of the textile maker valued at $837,000 after buying 18,466 additional shares in the last quarter. 53.10% of the shares are held by hedge funds and other institutional investors.
Dixie Group stock opened at $3.00 on Friday. The Dixie Group has a 52-week low of $2.37 and a 52-week high of $6.98. The company has a quick ratio of 1.06, a current ratio of 2.59 and a debt ratio of 1.11. The company’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $4.68. The company has a market capitalization of $47.40 million, a PE ratio of 37.50 and a beta of 2.58.
The Dixie Group (NASDAQ:DXYN – Get Rating) last released its quarterly earnings data on Thursday, March 10. The textile maker reported ($0.26) EPS for the quarter. The Dixie Group had a return on equity of 4.79% and a net margin of 0.44%. The company had revenue of $89.23 million in the quarter.
Dixie Group Company Profile (Get an evaluation)
The Dixie Group, Inc. manufactures, markets and sells flooring products for residential and commercial applications in North America and overseas. 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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