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

Posted by Stephan Jacobs on Oct 26th, 2024

StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN – Free Report) in a research note issued to investors on Friday morning. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Trading Up 2.6 %

DXYN opened at $0.90 on Friday. The Dixie Group has a 52 week low of $0.45 and a 52 week high of $1.00. The company has a market capitalization of $14.35 million, a P/E ratio of -3.61 and a beta of 2.67. The stock’s fifty day moving average is $0.78 and its two-hundred day moving average is $0.73. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 3.03.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $70.51 million for the quarter. The Dixie Group had a negative net margin of 0.42% and a negative return on equity of 1.92%.

Hedge Funds Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp increased its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the quarter. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. 40.00% of the stock is owned by institutional investors and hedge funds.

About The Dixie Group

(Get Free Report)

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.