The Dixie Group (NASDAQ:DXYN) coverage initiated by StockNews.com analysts


StockNews.com launched coverage on the shares of The Dixie Group (NASDAQ:DXYN – Get A Note) in a research report delivered Wednesday to clients and investors. The company has placed a “hold” rating on the shares of the textile maker.

Separately, TheStreet upgraded shares of The Dixie Group from a “d+” rating to a “c-” rating in a Wednesday, February 2 research note.

NASDAQ: DXYN opened at $2.77 on Wednesday. The company has a debt ratio of 1.11, a quick ratio of 1.06 and a current ratio of 2.59. The company has a market capitalization of $43.76 million, a price/earnings ratio of 34.63 and a beta of 2.58. The Dixie Group has a 52-week low of $2.37 and a 52-week high of $6.98. The company has a 50-day moving average price of $3.33 and a two-hundred-day moving average price of $4.59.

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

Several hedge funds have recently changed their holdings in the company. Essex Investment Management Co. LLC bought a new position in The Dixie Group in Q3 worth approximately $447,000. Geode Capital Management LLC increased its stake in The Dixie Group by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 100,743 shares of the textile maker worth $577,000 after purchasing an additional 6,316 shares during the period. Dimensional Fund Advisors LP increased its holdings in The Dixie Group by 30.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,392 shares of the textile maker worth $438,000 after buying an additional 17,617 shares during the period. NewEdge Advisors LLC increased its stake in The Dixie Group to 95.5% in Q4. NewEdge Advisors LLC now owns 29,774 shares of the textile maker worth $170,000 after purchasing an additional 14,541 shares during the period. Finally, Northern Trust Corp increased its stake in The Dixie Group by 26.3% in the 4th quarter. Northern Trust Corp now owns 25,825 shares of the textile maker worth $148,000 after buying an additional 5,380 shares during the period. Institutional investors hold 53.10% of the company’s shares.

About the Dixie Group (Get an evaluation)

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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