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

Posted by ABMN Staff on Jan 21st, 2025

Investment analysts at StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

Shares of DXYN opened at $0.68 on Tuesday. The company has a market capitalization of $10.38 million, a PE ratio of -3.40 and a beta of 2.64. The company’s fifty day moving average price is $0.67 and its 200 day moving average price is $0.71. The Dixie Group has a one year low of $0.45 and a one year high of $1.05. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81.

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

Institutional Inflows and Outflows

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

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.