Dixie Group Inc (DXYN) Receives Average Rating of “Buy” from Brokerages

Dixie Group Inc (NASDAQ:DXYN) has received an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports.

Zacks has also assigned Dixie Group an industry rank of 220 out of 255 based on the ratings given to its competitors.

Several research firms have recently commented on DXYN. Zacks Investment Research upgraded shares of Dixie Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. ValuEngine downgraded shares of Dixie Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

DXYN traded up $0.09 during trading on Friday, hitting $1.59. The stock had a trading volume of 8,447 shares, compared to its average volume of 23,025. The company has a market cap of $24.84 million, a price-to-earnings ratio of -22.70 and a beta of 0.16. Dixie Group has a twelve month low of $1.40 and a twelve month high of $4.30. The company has a quick ratio of 0.85, a current ratio of 2.70 and a debt-to-equity ratio of 1.70.

Dixie Group (NASDAQ:DXYN) last announced its earnings results on Thursday, August 2nd. The textile maker reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Dixie Group had a negative net margin of 3.58% and a negative return on equity of 5.61%. The firm had revenue of $106.44 million during the quarter, compared to analyst estimates of $109.00 million.

A hedge fund recently raised its stake in Dixie Group stock. Russell Investments Group Ltd. boosted its holdings in shares of Dixie Group Inc (NASDAQ:DXYN) by 4.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 630,420 shares of the textile maker’s stock after purchasing an additional 26,600 shares during the period. Russell Investments Group Ltd. owned about 3.84% of Dixie Group worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 59.46% of the company’s stock.

About Dixie Group

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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