Dixie Group Inc (NASDAQ:DXYN) has been assigned an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokers have set a twelve-month consensus target price of $5.00 for the company and are forecasting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given Dixie Group an industry rank of 243 out of 255 based on the ratings given to its competitors.
Get Dixie Group alerts:A number of analysts recently issued reports on DXYN shares. ValuEngine cut Dixie Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 3rd. Zacks Investment Research raised Dixie Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st.
Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in Dixie Group by 25.1% during the 1st quarter. Russell Investments Group Ltd. now owns 603,820 shares of the textile maker’s stock worth $1,661,000 after acquiring an additional 120,979 shares during the period. Boston Partners lifted its position in Dixie Group by 16.2% during the 1st quarter. Boston Partners now owns 763,620 shares of the textile maker’s stock worth $2,100,000 after acquiring an additional 106,600 shares during the period. Wells Fargo & Company MN lifted its position in 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 acquiring an additional 60,229 shares during the period. Finally, Royce & Associates LP lifted its position in Dixie Group by 5.7% during the 4th quarter. Royce & Associates LP now owns 1,549,912 shares of the textile maker’s stock worth $5,967,000 after acquiring an additional 82,982 shares during the period. 61.87% of the stock is owned by institutional investors.
Shares of Dixie Group traded down $0.05, reaching $2.30, during trading hours on Friday, according to MarketBeat Ratings. The stock had a trading volume of 500 shares, compared to its average volume of 15,674. The stock has a market cap of $37.99 million, a PE ratio of -33.57 and a beta of 0.14. The company has a quick ratio of 0.85, a current ratio of 2.69 and a debt-to-equity ratio of 1.62. Dixie Group has a fifty-two week low of $2.20 and a fifty-two week high of $4.75.
Dixie Group (NASDAQ:DXYN) last announced its earnings results on Thursday, May 3rd. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $98.86 million during the quarter, compared to analyst estimates of $99.70 million. Dixie Group had a negative net margin of 2.87% and a negative return on equity of 4.16%. sell-side analysts anticipate that Dixie Group will post 0.06 earnings per share for the current year.
Dixie Group Company 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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