The Dixie Group, Inc. (DXYN) Downgraded by ValuEngine
The Dixie Group, Inc. (NASDAQ:DXYN) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.
Separately, Zacks Investment Research raised shares of The Dixie Group from a “strong sell” rating to a “hold” rating and set a $5.00 target price for the company in a report on Friday, May 5th.
Shares of The Dixie Group (DXYN) traded down 4.60% during trading on Thursday, reaching $4.15. The company had a trading volume of 17,982 shares. The Dixie Group has a 12 month low of $3.20 and a 12 month high of $5.56. The stock’s 50-day moving average price is $4.29 and its 200-day moving average price is $3.97. The stock’s market capitalization is $63.35 million.
The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Thursday, August 3rd. The textile maker reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The Dixie Group had a negative net margin of 0.41% and a negative return on equity of 1.62%. The business had revenue of $107.20 million during the quarter, compared to analyst estimates of $107.60 million. During the same quarter last year, the business posted $0.12 earnings per share. The Dixie Group’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts forecast that The Dixie Group will post $0.18 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in DXYN. Dimensional Fund Advisors LP raised its stake in The 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 in the last quarter. Russell Investments Group Ltd. raised its stake in The 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 in the last quarter. Wells Fargo & Company MN raised its stake in The 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 in the last quarter. Prescott Group Capital Management L.L.C. raised its stake in The 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 in the last quarter. Finally, Boston Partners raised its stake in The Dixie Group by 78.8% in the first quarter. Boston Partners now owns 505,800 shares of the textile maker’s stock worth $1,821,000 after buying an additional 222,900 shares in the last quarter. 63.53% of the stock is owned by hedge funds and other institutional investors.
About The Dixie Group
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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