StockNews.com begins coverage of The Dixie Group (NASDAQ:DXYN)

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StockNews.com began to cover the shares of The Dixie Group (NASDAQ:DXYN – Get a rating) in a report released Saturday. The brokerage has set a “hold” rating on the textile maker’s stock.

Separately, TheStreet upgraded shares of The Dixie Group from a “d+” rating to a “c-” rating in a Wednesday, February 2, research report.

DXYN stock opened at $3.43 on Friday. The company has a current ratio of 2.17, a quick ratio of 0.91 and a debt ratio of 0.80. The company has a market capitalization of $52.95 million, a P/E ratio of 42.88 and a beta of 2.65. The Dixie Group has a 12-month low of $2.37 and a 12-month high of $6.98. The stock’s 50-day simple moving average is $3.92 and its 200-day simple moving average is $4.89.

The Dixie Group (NASDAQ:DXYN – Get a rating) last released its quarterly results on Thursday, March 10. The textile maker reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $89.23 million for the quarter. The Dixie Group had a net margin of 0.44% and a return on equity of 4.78%.

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Institutional investors have recently changed their stake in the company. Marshall Wace LLP acquired a new position in shares of The Dixie Group in Q3 worth $96,000. Northern Trust Corp increased its stake in shares of The Dixie Group by 26.3% in the fourth quarter. Northern Trust Corp now owns 25,825 shares of the textile maker valued at $148,000 after buying an additional 5,380 shares last quarter. NewEdge Advisors LLC increased its stake in shares of The Dixie Group to 95.5% in Q4. NewEdge Advisors LLC now owns 29,774 shares of the textile maker valued at $170,000 after buying an additional 14,541 shares last quarter. First Eagle Investment Management LLC increased its stake in shares of The Dixie Group by 306.5% in the 4th quarter. First Eagle Investment Management LLC now owns 62,277 shares of the textile maker valued at $357,000 after buying an additional 46,955 shares last quarter. Finally, State Street Corp acquired a new position in shares of The Dixie Group in Q2 worth $191,000. 53.10% of the shares are held by hedge funds and other institutional investors.

Dixie Group Company Profile (Get a rating)

The Dixie Group, Inc. manufactures, markets and sells flooring products for residential and commercial applications in North America and overseas. It offers residential rugs, custom rugs and engineered wood products under the Fabrica brand for interior decorators and designers, select furniture retailers and stores, luxury home builders and coach manufacturers. and luxury yachts; and specialty carpets and rugs for the high-end residential market, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand through the interior design community and specialty flooring retailers.

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