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

Research analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued on Tuesday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

NASDAQ DXYN opened at $0.52 on Tuesday. The Dixie Group has a 12 month low of $0.46 and a 12 month high of $1.36. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.84 and a quick ratio of 0.91. The firm has a market capitalization of $8.04 million, a PE ratio of -2.59 and a beta of 2.30. The company’s 50 day simple moving average is $0.56 and its 200 day simple moving average is $0.63.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of The Dixie Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock valued at $594,000 after acquiring an additional 15,480 shares during the period. Renaissance Technologies LLC grew its position in The Dixie Group by 18.3% in the fourth quarter. Renaissance Technologies LLC now owns 140,500 shares of the textile maker’s stock worth $110,000 after buying an additional 21,700 shares during the last quarter. Virtu Financial LLC acquired a new position in The Dixie Group in the fourth quarter worth approximately $35,000. Two Sigma Securities LLC acquired a new position in The Dixie Group in the second quarter worth approximately $65,000. Finally, First Dallas Securities Inc. acquired a new position in The Dixie Group in the third quarter worth approximately $321,000. Institutional investors and hedge funds own 40.00% of the company’s stock.

The Dixie Group Company Profile

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.