The Dixie Group Rating Lowered to Neutral at Zacks (DXYN)
The Dixie Group (NASDAQ:DXYN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, American Banking and Market News reports. They currently have a $12.70 price objective on the stock. Zacks‘ target price would suggest a potential upside of 17.92% from the company’s current price.
The Dixie Group (NASDAQ:DXYN) traded down 3.32% on Tuesday, hitting $10.77. The stock had a trading volume of 75,599 shares. The Dixie Group has a 52-week low of $2.95 and a 52-week high of $12.05. The stock has a 50-day moving average of $11.2 and a 200-day moving average of $8.36. The company has a market cap of $137.1 million and a price-to-earnings ratio of 75.27.
The Dixie Group (NASDAQ:DXYN) last announced its earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $75.00 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis.
The Dixie Group, Inc is engaged in marketing, manufacturing and selling carpets and rugs to residential and commercial customers through the Fabrica International, Masland Carpets and the Dixie Home brands.
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