Shares of The Dixie Group Inc. (NASDAQ:DXYN) fell 3.8% on Thursday . The stock traded as low as $3.62 and last traded at $3.76, with a volume of 55,482 shares changing hands. The stock had previously closed at $3.91.

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

The firm’s 50 day moving average is $3.55 and its 200-day moving average is $4.01. The stock’s market capitalization is $57.89 million.

The Dixie Group (NASDAQ:DXYN) last issued its earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.18. The firm earned $105.32 million during the quarter, compared to analysts’ expectations of $107.10 million. During the same period last year, the business posted $0.03 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts anticipate that The Dixie Group Inc. will post ($0.14) earnings per share for the current fiscal year.

Other hedge funds recently made changes to their positions in the company. Paradigm Capital Management Inc. NY increased its stake in shares of 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 valued at $1,001,000 after buying an additional 30,440 shares in the last quarter. Boston Partners increased its stake in shares of The Dixie Group by 47.8% in the fourth quarter. Boston Partners now owns 199,370 shares of the company’s stock valued at $1,043,000 after buying an additional 64,480 shares in the last quarter. Royce & Associates LLC increased its stake in shares of The Dixie Group by 1.8% in the fourth quarter. Royce & Associates LLC now owns 1,511,889 shares of the company’s stock valued at $7,907,000 after buying an additional 27,139 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its stake in shares of 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 valued at $9,812,000 after buying an additional 499,070 shares in 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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