The Dixie Group, Inc. (NASDAQ: DXYN – Get a rating) benefited from a significant drop in short-term interest rates in April. As of April 15, there was short interest totaling 68,400 shares, down 21.6% from the March 31 total of 87,300 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 42,300 shares, the day-to-cover ratio is currently 1.6 days.
Shares of DXYN-Stock opened at $2.80 on Tuesday. The Dixie Group has a fifty-two week low of $2.37 and a fifty-two week high of $6.98. The company has a market capitalization of $44.24 million, a price/earnings ratio of 35.00 and a beta of 2.50. The company has a debt ratio of 1.11, a quick ratio of 1.06 and a current ratio of 2.59. The stock’s 50-day simple moving average is $3.21 and its 200-day simple moving average is $4.53.
The Dixie Group (NASDAQ: DXYN – Get a rating) last released its results on Thursday, March 10. The textile maker reported ($0.26) EPS for the quarter. The company had revenue of $89.23 million in the quarter. The Dixie Group had a net margin of 0.44% and a return on equity of 4.79%.
A number of large investors have recently changed their positions in the company. BlackRock Inc. increased its stake in The Dixie Group by 0.9% in the third quarter. BlackRock Inc. now owns 341,222 shares of the textile maker valued at $1,658,000 after acquiring 3,132 additional shares during the period. Northern Trust Corp increased its stake in 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 acquiring an additional 5,380 shares during the period. Marshall Wace LLP increased its stake in shares of The Dixie Group by 27.9% during the 4th quarter. Marshall Wace LLP now owns 25,167 shares of the textile maker worth $144,000 after purchasing an additional 5,487 shares during the period. Geode Capital Management LLC increased its stake in shares of The Dixie Group by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 100,743 shares of the textile maker worth $577,000 after purchasing an additional 6,316 shares during the period. Finally, Morgan Stanley increased its stake in shares of The Dixie Group by 1.6% during the third quarter. Morgan Stanley now owns 462,750 shares of the textile maker worth $2,249,000 after buying an additional 7,250 shares during the period. 57.03% of the shares are held by institutional investors.
A number of stock analysts have commented on the stock. StockNews.com assumed coverage of The Dixie Group shares in a report on Wednesday, April 27. They issued a “holding” rating for the company. TheStreet upgraded shares of The Dixie Group from a “d+” rating to a “c-” rating in a Wednesday, February 2, report.
Dixie Group Company Profile (Get a rating)
The Dixie Group, Inc. manufactures, markets and sells flooring products to residential customers in North America and internationally. 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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