The Dixie Group (NASDAQ:DXYN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report published on Tuesday morning. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Trading Down 2.0 %

The Dixie Group stock opened at $0.51 on Tuesday. The stock has a 50-day moving average price of $0.56 and a 200 day moving average price of $0.63. The Dixie Group has a 52 week low of $0.46 and a 52 week high of $1.36. The stock has a market cap of $7.87 million, a PE ratio of -2.54 and a beta of 2.30. The company has a current ratio of 2.84, a quick ratio of 0.91 and a debt-to-equity ratio of 2.67.

The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Friday, March 8th. The textile maker reported $0.22 EPS for the quarter. The business had revenue of $66.67 million during the quarter. The Dixie Group had a negative net margin of 0.98% and a negative return on equity of 3.19%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 15,480 shares during the period. First Dallas Securities Inc. purchased a new stake in The Dixie Group in the 3rd quarter valued at about $321,000. Renaissance Technologies LLC increased its stake in shares of The Dixie Group by 18.3% during the 4th 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 last quarter. Two Sigma Securities LLC purchased a new position in shares of The Dixie Group during the 2nd quarter worth about $65,000. Finally, Virtu Financial LLC acquired a new stake in shares of The Dixie Group in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 40.00% of the company’s stock.

About The Dixie Group

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.