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The Dixie Group (NASDAQ:DXYN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports. The firm currently has a $15.50 price objective on the stock. Zacks‘ price target suggests a potential upside of 5.95% from the stock’s previous close.

The Dixie Group (NASDAQ:DXYN) traded down 0.15% during mid-day trading on Monday, hitting $14.6075. 46,713 shares of the company’s stock traded hands. The Dixie Group has a one year low of $4.08 and a one year high of $14.75. The stock has a 50-day moving average of $13.62 and a 200-day moving average of $12.08. The company has a market cap of $186.7 million and a P/E ratio of 37.04.

The Dixie Group (NASDAQ:DXYN) last released its earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. Analysts expect that The Dixie Group will post $0.78 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.

To view Zacks’ full report, visit www.zacks.com

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