Hodges Capital Management Inc. reduced its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,958,144 shares of the textile maker’s stock after selling 87,599 shares during the period. Hodges Capital Management Inc. owned approximately 12.49% of The Dixie Group worth $8,735,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of The Dixie Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,091,102 shares of the textile maker’s stock worth $3,928,000 after buying an additional 12,572 shares during the period. Prescott Group Capital Management L.L.C. raised its position in shares of The Dixie Group by 51.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 192,420 shares of the textile maker’s stock worth $693,000 after buying an additional 65,000 shares during the period. Wells Fargo & Company MN raised its position in shares of The Dixie Group by 4.4% in the first quarter. Wells Fargo & Company MN now owns 1,622,949 shares of the textile maker’s stock worth $5,842,000 after buying an additional 68,139 shares during the period. Russell Investments Group Ltd. raised its position in shares of The Dixie Group by 64.8% in the first quarter. Russell Investments Group Ltd. now owns 228,900 shares of the textile maker’s stock worth $824,000 after buying an additional 90,000 shares during the period. Finally, Boston Partners raised its position in shares of The Dixie Group by 78.8% in the first quarter. Boston Partners now owns 505,800 shares of the textile maker’s stock worth $1,821,000 after buying an additional 222,900 shares during the period. 63.53% of the stock is currently owned by institutional investors.

Shares of The Dixie Group, Inc. (NASDAQ DXYN) traded down 1.23% during trading on Friday, hitting $4.00. 6,106 shares of the stock were exchanged. The Dixie Group, Inc. has a one year low of $3.20 and a one year high of $5.56. The company’s market cap is $62.82 million. The stock’s 50 day moving average price is $4.36 and its 200-day moving average price is $3.95.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings results on Thursday, August 3rd. The textile maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $107.20 million for the quarter, compared to the consensus estimate of $107.60 million. The Dixie Group had a negative net margin of 0.41% and a negative return on equity of 1.62%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. On average, analysts predict that The Dixie Group, Inc. will post $0.18 EPS for the current year.

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Separately, Zacks Investment Research raised shares of The Dixie Group from a “strong sell” rating to a “hold” rating and set a $5.00 target price on the stock in a research report on Friday, May 5th.

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.

Institutional Ownership by Quarter for The Dixie Group (NASDAQ:DXYN)

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