Dixie Group (DXYN) Hits New 1-Year Low at $2.20

Dixie Group Inc (NASDAQ:DXYN) hit a new 52-week low during trading on Tuesday . The company traded as low as $2.20 and last traded at $2.25, with a volume of 185 shares trading hands. The stock had previously closed at $2.25.

A number of brokerages have commented on DXYN. ValuEngine cut Dixie Group from a “hold” rating to a “sell” rating in a report on Monday, April 9th. Zacks Investment Research upgraded Dixie Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 1st.

The firm has a market cap of $38.58 million, a P/E ratio of -32.79 and a beta of 0.14. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.69 and a quick ratio of 0.85.

Dixie Group (NASDAQ:DXYN) last announced its earnings results on Thursday, May 3rd. The textile maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company had revenue of $98.86 million for the quarter, compared to analyst estimates of $99.70 million. Dixie Group had a negative net margin of 2.87% and a negative return on equity of 4.16%. research analysts expect that Dixie Group Inc will post 0.06 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its holdings in Dixie Group by 25.1% during the 1st quarter. Russell Investments Group Ltd. now owns 603,820 shares of the textile maker’s stock valued at $1,661,000 after buying an additional 120,979 shares during the last quarter. Boston Partners boosted its holdings in shares of Dixie Group by 16.2% during the first 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 last quarter. Wells Fargo & Company MN boosted its holdings in shares of Dixie Group by 3.4% during the first 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 last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Dixie Group by 5.7% during the fourth quarter. Royce & Associates LP now owns 1,549,912 shares of the textile maker’s stock worth $5,967,000 after purchasing an additional 82,982 shares during the last quarter. Hedge funds and other institutional investors own 61.87% of the company’s stock.

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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