Dixie Group (NASDAQ:DXYN) issued its quarterly earnings results on Thursday. The textile maker reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.13), MarketWatch Earnings reports. The firm had revenue of $101.56 million for the quarter. Dixie Group had a negative return on equity of 5.61% and a negative net margin of 3.58%.
Shares of DXYN remained flat at $$0.94 during mid-day trading on Friday. 70,746 shares of the company traded hands, compared to its average volume of 30,651. 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 has a twelve month low of $0.62 and a twelve month high of $4.30. The firm has a market capitalization of $20.56 million, a PE ratio of -13.43 and a beta of 0.33.
A hedge fund recently raised its stake in Dixie Group stock. Russell Investments Group Ltd. increased its stake in Dixie Group Inc (NASDAQ:DXYN) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 630,420 shares of the textile maker’s stock after acquiring an additional 26,600 shares during the period. Russell Investments Group Ltd. owned approximately 3.84% of Dixie Group worth $1,450,000 as of its most recent SEC filing. Institutional investors own 60.11% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Dixie Group from a “sell” rating to a “hold” rating in a report on Monday, September 17th. ValuEngine downgraded shares of Dixie Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.
About Dixie Group
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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