Dixie Group (NASDAQ:DXYN) posted its quarterly earnings data on Thursday, March 1st. The textile maker reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09), Morningstar.com reports. The business had revenue of $105.08 million during the quarter, compared to analyst estimates of $104.50 million. Dixie Group had a negative net margin of 2.32% and a negative return on equity of 1.35%.
Dixie Group stock opened at $2.75 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.79 and a quick ratio of 0.81. The firm has a market cap of $44.38, a P/E ratio of -4.58 and a beta of 0.37. Dixie Group has a 52-week low of $2.70 and a 52-week high of $5.20.
A number of hedge funds have recently modified their holdings of DXYN. Royce & Associates LP grew its stake in Dixie Group by 5.7% during the fourth quarter. Royce & Associates LP now owns 1,549,912 shares of the textile maker’s stock worth $5,967,000 after buying an additional 82,982 shares during the period. Wells Fargo & Company MN grew its stake in Dixie Group by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,753,472 shares of the textile maker’s stock worth $6,751,000 after buying an additional 57,451 shares during the period. Boston Partners grew its stake in Dixie Group by 37.1% during the fourth quarter. Boston Partners now owns 657,020 shares of the textile maker’s stock worth $2,530,000 after buying an additional 177,690 shares during the period. Walthausen & Co. LLC purchased a new stake in Dixie Group during the third quarter worth approximately $400,000. Finally, Northern Trust Corp grew its stake in Dixie Group by 4.0% during the second quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock worth $141,000 after buying an additional 1,198 shares during the period. 63.48% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of Dixie Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Dixie Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th.
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About Dixie Group
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.
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