FTB Advisors Inc. lifted its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 71.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,869 shares of the textile maker’s stock after purchasing an additional 12,016 shares during the quarter. FTB Advisors Inc. owned 0.18% of The Dixie Group worth $128,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Northern Trust Corp grew its holdings in shares of The Dixie Group by 4.0% in the second quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 1,198 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of The Dixie Group by 2.7% in the second quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock valued at $401,000 after purchasing an additional 2,350 shares in the last quarter. GRT Capital Partners L.L.C. grew its holdings in shares of The Dixie Group by 17.0% in the second quarter. GRT Capital Partners L.L.C. now owns 31,000 shares of the textile maker’s stock valued at $138,000 after purchasing an additional 4,500 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of The Dixie Group by 5.2% in the second quarter. Blair William & Co. IL now owns 191,968 shares of the textile maker’s stock valued at $856,000 after purchasing an additional 9,500 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of The Dixie Group by 1.2% in the second quarter. Wells Fargo & Company MN now owns 1,642,534 shares of the textile maker’s stock valued at $7,328,000 after purchasing an additional 19,585 shares in the last quarter. 62.98% of the stock is owned by hedge funds and other institutional investors.

The Dixie Group, Inc. (DXYN) traded down 1.22% on Monday, reaching $4.05. 704 shares of the company’s stock traded hands. The stock’s market capitalization is $63.61 million. The Dixie Group, Inc. has a 52 week low of $3.20 and a 52 week high of $5.20. The firm has a 50-day moving average price of $4.05 and a 200-day moving average price of $4.09.

The Dixie Group (NASDAQ:DXYN) last issued its earnings results on Thursday, August 3rd. The textile maker reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The company had revenue of $107.20 million during the quarter, compared to analysts’ expectations of $107.60 million. The Dixie Group had a negative return on equity of 1.62% and a negative net margin of 0.41%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. On average, analysts predict that The Dixie Group, Inc. will post $0.18 earnings per share for the current year.

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DXYN has been the subject of a number of recent research reports. Zacks Investment Research raised shares of The Dixie Group from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Tuesday, July 18th. ValuEngine lowered shares of The Dixie Group from a “hold” rating to a “sell” rating in a report on Thursday, August 24th.

About The 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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Institutional Ownership by Quarter for The Dixie Group (NASDAQ:DXYN)

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