The Dixie Group, Inc. (NASDAQ:DXYN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Dixie Group Inc. is a leading carpet and rug manufacturer and supplier to higher-end residential and commercial customers serviced by Masland Carpets and Fabrica International, to consumers through major retailers under the Bretlin, Globaltex and Alliance Mills brands and to the factory-built housing and recreational vehicle markets through Carriage Carpets. Dixie’s Candlewick Yarns serves specialty carpet yarn customers.(PR) “

The Dixie Group (NASDAQ:DXYN) traded up 1.16% on Wednesday, reaching $4.35. 10,459 shares of the company’s stock traded hands. The firm’s 50-day moving average is $4.40 and its 200 day moving average is $3.85. The Dixie Group has a 12 month low of $3.20 and a 12 month high of $5.56. The firm’s market cap is $68.18 million.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Thursday, May 4th. The textile maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The firm had revenue of $97.50 million during the quarter, compared to analyst estimates of $91.90 million. The Dixie Group had a negative return on equity of 0.81% and a negative net margin of 0.27%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. Equities analysts predict that The Dixie Group will post $0.14 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of The Dixie Group during the fourth quarter worth approximately $493,000. Prescott Group Capital Management L.L.C. increased its position in shares of The Dixie Group by 51.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 192,420 shares of the textile maker’s stock worth $693,000 after buying an additional 65,000 shares in the last quarter. Boston Partners increased its position in shares of The Dixie Group by 78.8% in the first quarter. Boston Partners now owns 505,800 shares of the textile maker’s stock worth $1,821,000 after buying an additional 222,900 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of The Dixie Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,091,102 shares of the textile maker’s stock worth $3,928,000 after buying an additional 12,572 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of The Dixie Group by 4.4% in the first quarter. Wells Fargo & Company MN now owns 1,622,949 shares of the textile maker’s stock worth $5,842,000 after buying an additional 68,139 shares in the last quarter. Institutional investors own 62.44% of the company’s stock.

The Dixie Group Company Profile

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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