Share on StockTwits

Investment analysts at Raymond James initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a note issued to investors on Tuesday, StockRatingsNetwork reports. The firm set a “strong-buy” rating and a $14.00 price target on the stock. Raymond James’ target price would indicate a potential upside of 27.27% from the company’s current price.

A number of other firms have also recently commented on DXYN. Analysts at Zacks downgraded shares of The Dixie Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $16.90 price target on the stock.

Shares of The Dixie Group (NASDAQ:DXYN) opened at 11.00 on Tuesday. The Dixie Group has a 1-year low of $6.82 and a 1-year high of $18.41. The stock has a 50-day moving average of $15.22 and a 200-day moving average of $13.80. The company has a market cap of $140.7 million and a P/E ratio of 18.84.

The Dixie Group (NASDAQ:DXYN) last released its earnings data on Wednesday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.12. The company had revenue of $85.30 million for the quarter, compared to the consensus estimate of $82.10 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that The Dixie Group will post $0.81 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.