The Dixie Group (NASDAQ:DXYN) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYNGet Rating) in a research note published on Monday morning. The firm issued a hold rating on the textile maker’s stock.

Separately, TheStreet downgraded The Dixie Group from a c- rating to a d rating in a research report on Friday, August 12th.

The Dixie Group Price Performance

Shares of NASDAQ:DXYN opened at $0.99 on Monday. The Dixie Group has a one year low of $0.92 and a one year high of $6.90. The stock has a fifty day moving average of $1.06 and a 200-day moving average of $1.37. The company has a market capitalization of $15.69 million, a PE ratio of -0.66 and a beta of 2.40. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.91 and a current ratio of 2.83.

Institutional Trading of The Dixie Group

Large investors have recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in The Dixie Group by 15.0% during the 2nd quarter. Truist Financial Corp now owns 57,500 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 7,500 shares during the period. First Eagle Investment Management LLC raised its stake in The Dixie Group by 119.8% during the 1st quarter. First Eagle Investment Management LLC now owns 136,865 shares of the textile maker’s stock valued at $424,000 after purchasing an additional 74,588 shares during the period. Vanguard Group Inc. raised its stake in The Dixie Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock valued at $594,000 after purchasing an additional 15,480 shares during the period. Royce & Associates LP raised its stake in The Dixie Group by 1.5% during the 1st quarter. Royce & Associates LP now owns 899,472 shares of the textile maker’s stock valued at $2,788,000 after purchasing an additional 13,341 shares during the period. Finally, Hodges Capital Management Inc. raised its stake in The Dixie Group by 0.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 2,248,873 shares of the textile maker’s stock valued at $2,879,000 after purchasing an additional 9,600 shares during the period. 53.01% of the stock is owned by institutional investors and hedge funds.

About The Dixie Group

(Get Rating)

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. It 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.

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