Dixie Group Inc (NASDAQ:DXYN) has received a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.

Brokers have set a twelve-month consensus target price of $5.00 for the company and are anticipating that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Dixie Group an industry rank of 100 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Dixie Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th.

Institutional investors have recently made changes to their positions in the company. FTB Advisors Inc. lifted its position in shares of Dixie Group by 71.3% in the second quarter. FTB Advisors Inc. now owns 28,869 shares of the textile maker’s stock valued at $128,000 after acquiring an additional 12,016 shares in the last quarter. GRT Capital Partners L.L.C. lifted its position in shares of Dixie Group by 17.0% in the second quarter. GRT Capital Partners L.L.C. now owns 31,000 shares of the textile maker’s stock valued at $138,000 after acquiring an additional 4,500 shares in the last quarter. Northern Trust Corp lifted its position in shares of Dixie Group by 4.0% in the second quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock valued at $141,000 after acquiring an additional 1,198 shares in the last quarter. Walthausen & Co. LLC purchased a new position in shares of Dixie Group in the third quarter valued at about $400,000. Finally, Advisor Group Inc. lifted its position in shares of Dixie Group by 2.7% in the second quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock valued at $401,000 after acquiring an additional 2,350 shares in the last quarter. Institutional investors and hedge funds own 62.87% of the company’s stock.

Dixie Group (DXYN) traded up $0.05 during trading hours on Friday, reaching $3.55. The company’s stock had a trading volume of 17,785 shares, compared to its average volume of 19,389. Dixie Group has a twelve month low of $3.30 and a twelve month high of $5.20. The company has a market capitalization of $58.51, a price-to-earnings ratio of -22.19 and a beta of 0.60. The company has a quick ratio of 0.81, a current ratio of 2.61 and a debt-to-equity ratio of 1.46.

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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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