Dixie Group (DXYN) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Dixie Group (NASDAQ:DXYN) from a hold rating to a sell rating in a research report report published on Friday.

Separately, Zacks Investment Research raised shares of Dixie Group from a strong sell rating to a hold rating in a research note on Tuesday, January 9th.

Dixie Group (DXYN) opened at $3.40 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.81 and a current ratio of 2.61. The stock has a market cap of $54.88, a PE ratio of -21.25 and a beta of 0.26. Dixie Group has a one year low of $3.30 and a one year high of $5.20.

Dixie Group (NASDAQ:DXYN) last posted its earnings results on Thursday, November 9th. The textile maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The firm had revenue of $102.65 million for the quarter, compared to analyst estimates of $107.70 million. Dixie Group had a negative net margin of 0.68% and a negative return on equity of 2.89%. equities research analysts predict that Dixie Group will post 0.02 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Dixie Group by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,696,021 shares of the textile maker’s stock worth $6,785,000 after acquiring an additional 53,487 shares during the period. Royce & Associates LP lifted its stake in shares of Dixie Group by 4.8% in the 3rd quarter. Royce & Associates LP now owns 1,466,930 shares of the textile maker’s stock worth $5,868,000 after acquiring an additional 67,819 shares during the period. Boston Partners lifted its stake in shares of Dixie Group by 37.1% in the 4th quarter. Boston Partners now owns 657,020 shares of the textile maker’s stock worth $2,530,000 after acquiring an additional 177,690 shares during the period. Walthausen & Co. LLC acquired a new stake in shares of Dixie Group in the 3rd quarter worth approximately $400,000. Finally, Advisor Group Inc. lifted its stake in shares of Dixie Group by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock worth $401,000 after acquiring an additional 2,350 shares during the period. 62.84% of the stock is owned by institutional investors.

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Dixie Group Company Profile

The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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