Insider Selling: The Dixie Group VP Unloads 10,000 Shares of Stock (DXYN)
The Dixie Group (NASDAQ:DXYN) VP Paul B. Comiskey unloaded 10,000 shares of The Dixie Group stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $9.53, for a total value of $95,300.00. Following the sale, the vice president now directly owns 68,787 shares of the company’s stock, valued at approximately $655,540. The sale was disclosed in a filing with the SEC, which is available at this link.
The Dixie Group (NASDAQ:DXYN) traded up 0.83% on Thursday, hitting $9.77. The stock had a trading volume of 49,481 shares. The Dixie Group has a one year low of $7.42 and a one year high of $18.41. The stock’s 50-day moving average is $8.97 and its 200-day moving average is $12.31. The company has a market cap of $136.2 million and a P/E ratio of 19.86.
The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.05. The company had revenue of $108.17 million for the quarter, compared to the consensus estimate of $108.40 million. During the same quarter last year, the company posted $0.13 earnings per share. The Dixie Group’s revenue was up 29.4% compared to the same quarter last year. On average, analysts predict that The Dixie Group will post $0.25 earnings per share for the current fiscal year.
Separately, analysts at Wells Fargo & Co. initiated coverage on shares of The Dixie Group in a research note on Wednesday, June 18th. They set an “outperform” rating on the stock.
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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