Shares of Dixie Group Inc (NASDAQ:DXYN) have received an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.
Analysts have set a one year consensus price target of $5.00 for the company and are predicting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Dixie Group an industry rank of 233 out of 255 based on the ratings given to related companies.
Several equities analysts have recently issued reports on DXYN shares. ValuEngine lowered shares of Dixie Group from a “sell” rating to a “strong sell” rating in a report on Thursday, May 3rd. Zacks Investment Research raised shares of Dixie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 1st.
Shares of Dixie Group traded down $0.05, hitting $2.35, on Tuesday, MarketBeat.com reports. The stock had a trading volume of 100 shares, compared to its average volume of 11,461. Dixie Group has a twelve month low of $2.20 and a twelve month high of $4.75. The firm has a market capitalization of $37.76 million, a price-to-earnings ratio of -33.57 and a beta of 0.20. The company has a quick ratio of 0.85, a current ratio of 2.69 and a debt-to-equity ratio of 1.62.
Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings results on Thursday, May 3rd. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Dixie Group had a negative net margin of 2.87% and a negative return on equity of 4.16%. The firm had revenue of $98.86 million during the quarter, compared to analyst estimates of $99.70 million. research analysts expect that Dixie Group will post 0.06 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in Dixie Group by 3.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,813,701 shares of the textile maker’s stock worth $4,988,000 after purchasing an additional 60,229 shares during the period. Boston Partners boosted its stake in Dixie Group by 16.2% in the 1st quarter. Boston Partners now owns 763,620 shares of the textile maker’s stock worth $2,100,000 after purchasing an additional 106,600 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Dixie Group by 25.1% in the 1st quarter. Russell Investments Group Ltd. now owns 603,820 shares of the textile maker’s stock worth $1,661,000 after purchasing an additional 120,979 shares during the period. 61.87% of the stock is owned by hedge funds and other institutional investors.
Dixie Group Company Profile
The Dixie Group, Inc manufactures, markets, and sells floorcovering products for residential and commercial applications primarily in the United States. It offers residential carpets and custom rugs, specialty carpets and rugs, residential tufted broadloom and rugs, and broadloom and modular carpet tiles.
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