Dixie Group, Inc. (DXYN) Shares Bought by Boston Partners

Boston Partners lifted its holdings in shares of Dixie Group, Inc. (NASDAQ:DXYN) by 16.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 763,620 shares of the textile maker’s stock after buying an additional 106,600 shares during the period. Boston Partners’ holdings in Dixie Group were worth $2,100,000 at the end of the most recent reporting period.

Separately, Wells Fargo & Company MN raised its stake in shares of Dixie Group by 3.4% during the 1st quarter. Wells Fargo & Company MN now owns 1,813,701 shares of the textile maker’s stock worth $4,988,000 after buying an additional 60,229 shares during the period. Institutional investors own 63.55% of the company’s stock.

Shares of Dixie Group opened at $2.60 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.69 and a quick ratio of 0.85. Dixie Group, Inc. has a 1-year low of $2.50 and a 1-year high of $5.20. The company has a market cap of $42.69 million, a PE ratio of -37.14 and a beta of 0.26.

Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Thursday, May 3rd. The textile maker reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.01). Dixie Group had a negative return on equity of 4.16% and a negative net margin of 2.87%. The firm had revenue of $98.86 million for the quarter, compared to analysts’ expectations of $99.70 million. sell-side analysts forecast that Dixie Group, Inc. will post 0.06 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on DXYN shares. ValuEngine raised Dixie Group from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded Dixie Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th.

Dixie Group Profile

The Dixie Group, Inc manufactures, markets, and sells floorcovering products for residential and commercial applications primarily in the United States. It offers residential carpets and custom rugs, specialty carpets and rugs, residential tufted broadloom and rugs, and broadloom and modular carpet tiles.

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Institutional Ownership by Quarter for Dixie Group (NASDAQ:DXYN)

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