StockNews.com Initiates Coverage on The Dixie Group (NASDAQ:DXYN)

Research analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of DXYN stock opened at $0.53 on Tuesday. The Dixie Group has a 12-month low of $0.46 and a 12-month high of $1.36. The firm has a market capitalization of $8.23 million, a price-to-earnings ratio of -2.65 and a beta of 2.30. The company has a quick ratio of 0.91, a current ratio of 2.84 and a debt-to-equity ratio of 2.67. The firm has a fifty day moving average of $0.57 and a 200-day moving average of $0.63.

The Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings results on Friday, March 8th. The textile maker reported $0.22 earnings per share (EPS) for the quarter. The Dixie Group had a negative net margin of 0.98% and a negative return on equity of 3.19%. The company had revenue of $66.67 million during the quarter.

Hedge Funds Weigh In On The Dixie Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in The Dixie Group in the 4th quarter worth $35,000. Two Sigma Securities LLC acquired a new position in The Dixie Group in the 2nd quarter worth $65,000. Renaissance Technologies LLC boosted its stake in The Dixie Group by 18.3% in the 4th quarter. Renaissance Technologies LLC now owns 140,500 shares of the textile maker’s stock worth $110,000 after purchasing an additional 21,700 shares during the period. First Dallas Securities Inc. acquired a new position in The Dixie Group in the 3rd quarter worth $321,000. Finally, Vanguard Group Inc. boosted its stake in The Dixie Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock worth $594,000 after purchasing an additional 15,480 shares during the period. 40.00% of the stock is owned by institutional investors and hedge funds.

About The Dixie Group

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company 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.