The Dixie Group (NASDAQ:DXYN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYNGet Rating) in a research note issued to investors on Tuesday. The firm issued a hold rating on the textile maker’s stock.

Separately, TheStreet cut The Dixie Group from a c- rating to a d rating in a report on Friday, August 12th.

The Dixie Group Stock Up 7.0 %

Shares of NASDAQ:DXYN opened at $1.07 on Tuesday. The Dixie Group has a 52 week low of $0.92 and a 52 week high of $6.40. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.91 and a current ratio of 2.83. The company’s fifty day moving average is $1.03 and its 200-day moving average is $1.32. The company has a market capitalization of $17.05 million, a PE ratio of -0.72 and a beta of 2.34.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hodges Capital Management Inc. raised its holdings in shares of The Dixie Group by 2.1% in the first quarter. Hodges Capital Management Inc. now owns 2,239,273 shares of the textile maker’s stock valued at $6,942,000 after buying an additional 46,700 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of The Dixie Group by 2.9% in the third 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 during the last quarter. Truist Financial Corp raised its holdings in The Dixie Group by 15.0% during the 2nd quarter. Truist Financial Corp now owns 57,500 shares of the textile maker’s stock worth $74,000 after purchasing an additional 7,500 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in The Dixie Group by 119.8% during the 1st quarter. First Eagle Investment Management LLC now owns 136,865 shares of the textile maker’s stock worth $424,000 after purchasing an additional 74,588 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in 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 last quarter. 53.01% of the stock is owned by 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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