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

Posted by Oscar Bower on Jan 24th, 2025

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN – Free Report) in a report released on Tuesday morning. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Down 2.3 %

DXYN opened at $0.70 on Tuesday. The stock has a market capitalization of $10.69 million, a price-to-earnings ratio of -3.50 and a beta of 2.64. The Dixie Group has a 12 month low of $0.45 and a 12 month high of $1.05. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81. The business has a 50-day moving average of $0.67 and a two-hundred day moving average of $0.71.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The company had revenue of $64.88 million for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%.

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the quarter. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the SEC. 40.00% of the stock is owned by hedge funds and other institutional investors.

The Dixie Group Company Profile

(Get Free Report)

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.