StockNews.com took over stock coverage of The Dixie Group (NASDAQ:DXYN – Get A Note) in a report released Friday. The brokerage has set a “hold” rating on the textile maker’s shares.
Separately, TheStreet upgraded shares of The Dixie Group from a “d+” rating to a “c-” rating in a Wednesday, February 2 research note.
DXYN stock opened at $1.97 on Friday. The company’s 50-day moving average price is $3.01 and its 200-day moving average price is $4.43. The company has a debt ratio of 1.11, a quick ratio of 1.06 and a current ratio of 2.59. The Dixie Band has a fifty-two week low of $1.93 and a fifty-two week high of $6.98. The company has a market capitalization of $31.12 million, a price-earnings ratio of 24.63 and a beta of 2.50.
The Dixie Group (NASDAQ:DXYN – Get Rating) last released its results on Thursday, March 10. The textile maker reported ($0.26) earnings per share 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 for the quarter.
Institutional investors have recently changed their positions in the company. Marshall Wace LLP bought a new position in The Dixie Group in the third quarter worth approximately $96,000. Northern Trust Corp increased its stake in The Dixie Group by 26.3% in the fourth quarter. Northern Trust Corp now owns 25,825 shares of the textile maker valued at $148,000 after buying an additional 5,380 shares in the last quarter. NewEdge Advisors LLC increased its stake in The Dixie Group to 95.5% in the fourth quarter. NewEdge Advisors LLC now owns 29,774 shares of the textile maker valued at $170,000 after buying an additional 14,541 shares in the last quarter. First Eagle Investment Management LLC increased its holdings of shares 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 acquiring an additional 46,955 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings of shares in The Dixie Group by 30.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,392 shares of the textile maker valued at $438,000 after acquiring an additional 17,617 shares during the period. Institutional investors hold 57.03% of the company’s shares.
Dixie Group Company Profile (Get a rating)
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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