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

Analysts have set a 12-month consensus price objective of $5.00 for the company and are anticipating that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Dixie Group an industry rank of 186 out of 255 based on the ratings given to its competitors.

DXYN has been the topic of several recent research reports. Zacks Investment Research raised Dixie Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. ValuEngine downgraded Dixie Group from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd.

Shares of DXYN traded down $0.15 during midday trading on Tuesday, hitting $1.80. The stock had a trading volume of 27,300 shares, compared to its average volume of 24,679. Dixie Group has a twelve month low of $1.40 and a twelve month high of $4.30. The company has a market capitalization of $31.26 million, a price-to-earnings ratio of -25.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.70 and a quick ratio of 0.85.

Dixie Group (NASDAQ:DXYN) last released its quarterly earnings results on Thursday, August 2nd. The textile maker reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Dixie Group had a negative net margin of 3.58% and a negative return on equity of 5.61%. The firm had revenue of $106.44 million during the quarter, compared to analyst estimates of $109.00 million. sell-side analysts anticipate that Dixie Group will post -0.04 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in DXYN. Russell Investments Group Ltd. increased its position in shares of Dixie Group by 4.4% in the second quarter. Russell Investments Group Ltd. now owns 630,420 shares of the textile maker’s stock valued at $1,450,000 after acquiring an additional 26,600 shares during the last quarter. Boston Partners increased its position in shares of Dixie Group by 16.2% in the first quarter. Boston Partners now owns 763,620 shares of the textile maker’s stock valued at $2,100,000 after acquiring an additional 106,600 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Dixie Group by 3.4% in the first quarter. Wells Fargo & Company MN now owns 1,813,701 shares of the textile maker’s stock valued at $4,988,000 after acquiring an additional 60,229 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Dixie Group Company Profile

The Dixie Group, Inc manufactures, markets, and sells floorcovering products for residential and commercial applications primarily in the United States. It offers residential carpets and custom rugs, specialty carpets and rugs, residential tufted broadloom and rugs, and broadloom and modular carpet tiles.

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