The Dixie Group Inc. (NASDAQ:DXYN) shares dropped 3.8% during mid-day trading on Thursday . The company traded as low as $3.62 and last traded at $3.76, with a volume of 55,482 shares. The stock had previously closed at $3.91.

Separately, Zacks Investment Research raised shares of The Dixie Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 5th.

The company’s market cap is $57.72 million. The company has a 50 day moving average price of $3.55 and a 200-day moving average price of $4.01.

The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.18. The company had revenue of $105.32 million for the quarter, compared to the consensus estimate of $107.10 million. The company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. On average, analysts forecast that The Dixie Group Inc. will post ($0.14) EPS for the current year.

Several hedge funds and institutional investors have bought and sold shares of DXYN. Paradigm Capital Management Inc. NY increased its position in The Dixie Group by 18.9% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 191,340 shares of the company’s stock worth $1,001,000 after buying an additional 30,440 shares during the last quarter. Boston Partners increased its position in The Dixie Group by 47.8% in the fourth quarter. Boston Partners now owns 199,370 shares of the company’s stock worth $1,043,000 after buying an additional 64,480 shares during the last quarter. Royce & Associates LLC increased its position in The Dixie Group by 1.8% in the fourth quarter. Royce & Associates LLC now owns 1,511,889 shares of the company’s stock worth $7,907,000 after buying an additional 27,139 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its position in The Dixie Group by 36.2% in the fourth quarter. Hodges Capital Management Inc. now owns 1,876,085 shares of the company’s stock worth $9,812,000 after buying an additional 499,070 shares during the last quarter.

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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