The Dixie Group (NASDAQ:DXYN) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued on Tuesday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

NASDAQ DXYN opened at $0.52 on Tuesday. The stock has a market capitalization of $8.04 million, a price-to-earnings ratio of -2.59 and a beta of 2.30. The Dixie Group has a twelve month low of $0.46 and a twelve month high of $1.36. The company has a current ratio of 2.84, a quick ratio of 0.91 and a debt-to-equity ratio of 2.67. The stock has a 50-day moving average of $0.56 and a 200 day moving average of $0.63.

The Dixie Group (NASDAQ:DXYN) last announced its earnings results on Friday, March 8th. The textile maker reported $0.22 EPS for the quarter. The Dixie Group had a negative return on equity of 3.19% and a negative net margin of 0.98%. The business had revenue of $66.67 million during the quarter.

Hedge Funds Weigh In On The Dixie Group

A number of hedge funds have recently made changes to their positions in DXYN. Vanguard Group Inc. raised its holdings in shares of The Dixie Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock valued at $594,000 after acquiring an additional 15,480 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of The Dixie Group by 18.3% during the fourth quarter. Renaissance Technologies LLC now owns 140,500 shares of the textile maker’s stock valued at $110,000 after acquiring an additional 21,700 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of The Dixie Group during the fourth quarter valued at approximately $35,000. Two Sigma Securities LLC purchased a new stake in shares of The Dixie Group in the second quarter valued at approximately $65,000. Finally, First Dallas Securities Inc. purchased a new stake in shares of The Dixie Group in the third quarter valued at approximately $321,000. Institutional investors and hedge funds own 40.00% of the company’s stock.

About The Dixie Group

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.