The Dixie Group Hits New 52-Week High at $14.39 (DXYN)
Shares of The Dixie Group (NASDAQ:DXYN) hit a new 52-week high during mid-day trading on Monday, StockRatingsNetwork.com reports. The stock traded as high as $14.39 and last traded at $14.01, with a volume of 214,317 shares trading hands. The stock had previously closed at $12.64.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of The Dixie Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $13.90 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of The Dixie Group from $12.00 to $15.00 in a research note to investors on Friday, November 1st. They now have a “strong-buy” rating on the stock.
The Dixie Group has a 52-week low of $3.76 and a 52-week high of $13.85. The stock has a 50-day moving average of $12.42 and a 200-day moving average of $10.97. The company has a market cap of $179.3 million and a price-to-earnings ratio of 51.38.
The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.06. The company had revenue of $90.20 million for the quarter, compared to the consensus estimate of $80.80 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 37.1% on a year-over-year basis. Analysts expect that The Dixie Group will post $0.35 EPS for the current fiscal year.
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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