Shares of Dixie Group Inc (NASDAQ:DXYN) have earned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.

Brokerages have set a one year consensus target price of $5.00 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Dixie Group an industry rank of 173 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Dixie Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th.

Shares of Dixie Group (DXYN) opened at $3.70 on Wednesday. The company has a market cap of $57.30, a price-to-earnings ratio of -20.55 and a beta of 0.61. Dixie Group has a 52-week low of $3.30 and a 52-week high of $5.20. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.81 and a current ratio of 2.61.

Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings data on Thursday, November 9th. The textile maker reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). Dixie Group had a negative net margin of 0.68% and a negative return on equity of 2.89%. analysts anticipate that Dixie Group will post 0.02 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in Dixie Group by 4.0% during the second quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock valued at $141,000 after acquiring an additional 1,198 shares in the last quarter. Advisor Group Inc. grew its stake in Dixie Group by 2.7% during the second quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock valued at $401,000 after acquiring an additional 2,350 shares in the last quarter. FTB Advisors Inc. grew its stake in Dixie Group by 71.3% during the second quarter. FTB Advisors Inc. now owns 28,869 shares of the textile maker’s stock valued at $128,000 after acquiring an additional 12,016 shares in the last quarter. Wells Fargo & Company MN grew its stake in Dixie Group by 1.2% during 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 acquiring an additional 19,585 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Dixie Group by 4.8% during the third quarter. Royce & Associates LP now owns 1,466,930 shares of the textile maker’s stock valued at $5,868,000 after acquiring an additional 67,819 shares in the last quarter. 62.87% of the stock is owned by institutional investors.

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About 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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