The Dixie Group (NASDAQ:DXYN) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYNGet Rating) in a report issued on Monday. The firm set a “hold” rating on the textile maker’s stock.

Separately, TheStreet downgraded The Dixie Group from a “c-” rating to a “d” rating in a research note on Friday, August 12th.

The Dixie Group Trading Up 6.1 %

Shares of DXYN stock opened at $0.99 on Monday. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.83 and a quick ratio of 0.91. The company has a market cap of $15.76 million, a price-to-earnings ratio of -0.66 and a beta of 2.40. The stock has a 50 day simple moving average of $1.09 and a 200-day simple moving average of $1.40. The Dixie Group has a 1-year low of $0.92 and a 1-year high of $6.98.

Institutional Trading of The Dixie Group

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in The Dixie Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock valued at $594,000 after buying an additional 15,480 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in The Dixie Group by 0.4% in the 2nd quarter. Hodges Capital Management Inc. now owns 2,248,873 shares of the textile maker’s stock valued at $2,879,000 after buying an additional 9,600 shares in the last quarter. Truist Financial Corp grew its holdings in The Dixie Group by 15.0% in the 2nd quarter. Truist Financial Corp now owns 57,500 shares of the textile maker’s stock valued at $74,000 after buying an additional 7,500 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in The Dixie Group by 119.8% in the 1st quarter. First Eagle Investment Management LLC now owns 136,865 shares of the textile maker’s stock valued at $424,000 after buying an additional 74,588 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of The Dixie Group by 1.5% during the 1st quarter. Royce & Associates LP now owns 899,472 shares of the textile maker’s stock worth $2,788,000 after purchasing an additional 13,341 shares during the period. 53.01% of the stock is currently owned by hedge funds and other institutional investors.

About The Dixie Group

(Get Rating)

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. It offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.

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