Dixie Group Inc (NASDAQ:DXYN) has been given an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.

Analysts have set a one year consensus target price of $5.00 for the company and are anticipating that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Dixie Group an industry rank of 100 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Dixie Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Dixie Group by 4.0% during the 2nd quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock valued at $141,000 after buying an additional 1,198 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Dixie Group by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock valued at $401,000 after buying an additional 2,350 shares during the last quarter. GRT Capital Partners L.L.C. lifted its position in shares of Dixie Group by 17.0% during the 2nd quarter. GRT Capital Partners L.L.C. now owns 31,000 shares of the textile maker’s stock valued at $138,000 after buying an additional 4,500 shares during the last quarter. FTB Advisors Inc. lifted its position in shares of Dixie Group by 71.3% during the 2nd quarter. FTB Advisors Inc. now owns 28,869 shares of the textile maker’s stock valued at $128,000 after buying an additional 12,016 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Dixie Group by 1.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,642,534 shares of the textile maker’s stock valued at $7,328,000 after buying an additional 19,585 shares during the last quarter. 62.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dixie Group (NASDAQ:DXYN) traded up $0.05 during trading hours on Friday, reaching $3.55. The company’s stock had a trading volume of 17,785 shares, compared to its average volume of 19,389. The company has a market cap of $58.51, a P/E ratio of -22.19 and a beta of 0.60. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 0.81. Dixie Group has a 52-week low of $3.30 and a 52-week high of $5.20.

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About Dixie Group

The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.

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