Zacks: Analysts Set $5.00 Target Price for Dixie Group Inc (DXYN)

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

Brokerages have set a 1-year consensus price objective of $5.00 for the company and are expecting 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 173 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.

A number of institutional investors and hedge funds have recently modified their holdings of DXYN. Wells Fargo & Company MN raised its position in Dixie Group by 1.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,642,534 shares of the textile maker’s stock valued at $7,328,000 after purchasing an additional 19,585 shares during the last quarter. Northern Trust Corp raised its position in Dixie Group by 4.0% in the 2nd quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 1,198 shares during the last quarter. Advisor Group Inc. raised its position in Dixie Group by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock valued at $401,000 after purchasing an additional 2,350 shares during the last quarter. FTB Advisors Inc. raised its position in Dixie Group by 71.3% in the 2nd quarter. FTB Advisors Inc. now owns 28,869 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 12,016 shares during the last quarter. Finally, Royce & Associates LP raised its position in Dixie Group by 4.8% in the 3rd quarter. Royce & Associates LP now owns 1,466,930 shares of the textile maker’s stock valued at $5,868,000 after purchasing an additional 67,819 shares during the last quarter. Hedge funds and other institutional investors own 62.87% of the company’s stock.

Dixie Group (NASDAQ DXYN) opened at $3.70 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 0.81 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $57.30, a P/E ratio of -20.55 and a beta of 0.61. Dixie Group has a 52-week low of $3.30 and a 52-week high of $5.20.

Dixie Group (NASDAQ:DXYN) last posted its earnings results on Thursday, November 9th. The textile maker reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). Dixie Group had a negative return on equity of 2.89% and a negative net margin of 0.68%. analysts forecast that Dixie Group will post 0.02 earnings per share for the current fiscal year.

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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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