Dixie Group Inc (NASDAQ:DXYN) has been assigned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.

Analysts have set a 1 year consensus target price of $5.00 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Dixie Group an industry rank of 79 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Dixie Group from a “strong sell” rating to a “hold” rating and set a $5.00 price objective for the company in a research report on Friday, May 5th.

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Dixie Group (NASDAQ:DXYN) opened at 4.25 on Monday. The stock has a 50 day moving average price of $3.69 and a 200-day moving average price of $3.60. The firm’s market capitalization is $66.56 million. Dixie Group has a 12-month low of $3.00 and a 12-month high of $5.56.

Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings data on Thursday, May 4th. The textile maker reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Dixie Group had a negative return on equity of 1.66% and a negative net margin of 0.77%. The company had revenue of $97.50 million during the quarter, compared to the consensus estimate of $91.90 million. During the same quarter in the prior year, the firm earned ($0.25) EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Dixie Group will post $0.14 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in DXYN. Geode Capital Management LLC raised its stake in Dixie Group by 4.6% in the first quarter. Geode Capital Management LLC now owns 72,431 shares of the textile maker’s stock worth $260,000 after buying an additional 3,216 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Dixie Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,091,102 shares of the textile maker’s stock worth $3,928,000 after buying an additional 12,572 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its stake in Dixie Group by 51.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 192,420 shares of the textile maker’s stock worth $693,000 after buying an additional 65,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in Dixie Group by 4.4% in the first quarter. Wells Fargo & Company MN now owns 1,622,949 shares of the textile maker’s stock worth $5,842,000 after buying an additional 68,139 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Dixie Group by 64.8% in the first quarter. Russell Investments Group Ltd. now owns 228,900 shares of the textile maker’s stock worth $824,000 after buying an additional 90,000 shares during the last quarter. Institutional investors own 63.65% of the company’s stock.

Dixie Group Company Profile

The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.

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