StockNews.com Initiates Coverage on The Dixie Group (NASDAQ:DXYN)

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYNFree Report) in a report released on Saturday. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Down 4.7 %

NASDAQ:DXYN opened at $0.62 on Friday. The firm has a market capitalization of $9.63 million, a PE ratio of -0.38 and a beta of 2.41. The stock has a 50 day moving average of $0.73 and a 200-day moving average of $0.77. The Dixie Group has a 52 week low of $0.46 and a 52 week high of $1.36. The company has a current ratio of 2.67, a quick ratio of 0.90 and a debt-to-equity ratio of 3.58.

The Dixie Group (NASDAQ:DXYNGet Free Report) last issued its quarterly earnings data on Monday, November 13th. The textile maker reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $68.58 million during the quarter. The Dixie Group had a negative return on equity of 76.37% and a negative net margin of 8.68%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DXYN. Hodges Capital Management Inc. raised its stake in shares of The Dixie Group by 51.7% in the second quarter. Hodges Capital Management Inc. now owns 1,289,376 shares of the textile maker’s stock valued at $2,424,000 after purchasing an additional 439,239 shares in the last quarter. Vanguard Group Inc. grew its position in The Dixie Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock valued at $594,000 after acquiring an additional 15,480 shares during the period. Renaissance Technologies LLC grew its position in The Dixie Group by 18.3% in the fourth quarter. Renaissance Technologies LLC now owns 140,500 shares of the textile maker’s stock valued at $110,000 after acquiring an additional 21,700 shares during the period. Two Sigma Securities LLC bought a new stake in The Dixie Group in the second quarter valued at $65,000. Finally, Virtu Financial LLC bought a new stake in The Dixie Group in the fourth quarter valued at $35,000. 41.28% of the stock is currently owned by institutional investors and hedge funds.

About The Dixie Group

(Get Free Report)

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.

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