The Dixie Group (NASDAQ:DXYN) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYNGet Rating) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the textile maker’s stock.

Separately, TheStreet raised The Dixie Group from a “d+” rating to a “c-” rating in a research note on Wednesday, February 2nd.

DXYN stock opened at $3.00 on Tuesday. The company has a current ratio of 2.59, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $47.39 million, a PE ratio of 37.50 and a beta of 2.58. The Dixie Group has a 12-month low of $2.37 and a 12-month high of $6.98. The business’s fifty day moving average price is $3.50 and its 200 day moving average price is $4.67.

The Dixie Group (NASDAQ:DXYNGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter. The firm had revenue of $89.23 million during the quarter. The Dixie Group had a net margin of 0.44% and a return on equity of 4.79%.

Large investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC acquired a new position in shares of The Dixie Group during the 3rd quarter worth about $447,000. Geode Capital Management LLC boosted its position in shares of The Dixie Group by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 100,743 shares of the textile maker’s stock worth $577,000 after acquiring an additional 6,316 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of The Dixie Group by 30.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 76,392 shares of the textile maker’s stock worth $438,000 after acquiring an additional 17,617 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of The Dixie Group by 95.5% during the 4th quarter. NewEdge Advisors LLC now owns 29,774 shares of the textile maker’s stock worth $170,000 after acquiring an additional 14,541 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of The Dixie Group by 26.3% during the 4th quarter. Northern Trust Corp now owns 25,825 shares of the textile maker’s stock worth $148,000 after acquiring an additional 5,380 shares in the last quarter. 53.10% of the stock is owned by institutional investors and hedge funds.

The Dixie Group Company Profile (Get Rating)

The Dixie Group, Inc manufactures, markets, and sells floorcovering products for residential and commercial applications in North America and internationally. It offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.

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