The Dixie Group Inc. (DXYN) Downgraded by Zacks Investment Research to Hold
According to Zacks, “Dixie Group Inc. is a leading carpet and rug manufacturer and supplier to higher-end residential and commercial customers serviced by Masland Carpets and Fabrica International, to consumers through major retailers under the Bretlin, Globaltex and Alliance Mills brands and to the factory-built housing and recreational vehicle markets through Carriage Carpets. Dixie’s Candlewick Yarns serves specialty carpet yarn customers.(PR) “
The Dixie Group (NASDAQ:DXYN) traded down 2.11% during mid-day trading on Tuesday, reaching $4.64. 8,381 shares of the company were exchanged. The stock’s market capitalization is $72.59 million. The Dixie Group has a 1-year low of $3.00 and a 1-year high of $9.89. The stock’s 50-day moving average price is $4.43 and its 200-day moving average price is $4.01.
The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.18. The firm earned $105.32 million during the quarter, compared to the consensus estimate of $107.10 million. The Dixie Group had a negative return on equity of 1.76% and a negative net margin of 0.86%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS.
A number of institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. purchased a new position in The Dixie Group during the second quarter valued at $305,000. First Dallas Securities Inc. increased its position in The Dixie Group by 93.2% in the second quarter. First Dallas Securities Inc. now owns 86,050 shares of the company’s stock valued at $306,000 after buying an additional 41,500 shares in the last quarter. Royce & Associates LP increased its position in The Dixie Group by 0.6% in the first quarter. Royce & Associates LP now owns 1,521,707 shares of the company’s stock valued at $6,406,000 after buying an additional 9,818 shares in the last quarter. FTB Advisors Inc. increased its position in The Dixie Group by 16.0% in the second quarter. FTB Advisors Inc. now owns 31,000 shares of the company’s stock valued at $111,000 after buying an additional 4,277 shares in the last quarter. Finally, Blair William & Co. IL increased its position in The Dixie Group by 2.0% in the second quarter. Blair William & Co. IL now owns 148,173 shares of the company’s stock valued at $527,000 after buying an additional 2,950 shares in the last quarter. 63.65% of the stock is owned by institutional investors.
About The Dixie Group
The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.
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