The Dixie Group (NASDAQ:DXYN) Now Covered by Analysts at StockNews.com

Posted by ABMN Staff on Jan 14th, 2025

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN – Free Report) in a research report released on Monday morning. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Down 4.6 %

DXYN opened at $0.63 on Monday. The stock’s fifty day simple moving average is $0.67 and its 200 day simple moving average is $0.71. The Dixie Group has a 1-year low of $0.45 and a 1-year high of $1.05. The stock has a market cap of $9.54 million, a PE ratio of -3.12 and a beta of 2.64. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last released its quarterly earnings data on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The company had revenue of $64.88 million during the quarter. The Dixie Group had a negative net margin of 0.99% and a negative return on equity of 7.65%.

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its holdings in shares of The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC. 40.00% of the stock is currently owned by institutional investors and hedge funds.

The Dixie Group Company Profile

(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.