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

StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYNGet Rating) in a research note released on Saturday. The firm issued a hold rating on the textile maker’s stock.

Separately, TheStreet lowered The Dixie Group from a c- rating to a d rating in a research note on Friday, August 12th.

The Dixie Group Stock Performance

NASDAQ:DXYN opened at $1.30 on Friday. The stock’s fifty day moving average is $1.36 and its 200 day moving average is $2.15. The Dixie Group has a fifty-two week low of $1.08 and a fifty-two week high of $6.98. The firm has a market capitalization of $20.87 million, a PE ratio of -2.55 and a beta of 2.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.07 and a current ratio of 2.87.

Institutional Trading of The Dixie Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp increased its stake in The Dixie Group by 15.0% in the second quarter. Truist Financial Corp now owns 57,500 shares of the textile maker’s stock worth $74,000 after purchasing an additional 7,500 shares during the period. First Eagle Investment Management LLC increased its stake in shares of The Dixie Group by 306.5% during the fourth quarter. First Eagle Investment Management LLC now owns 62,277 shares of the textile maker’s stock valued at $357,000 after buying an additional 46,955 shares during the period. Acadian Asset Management LLC increased its stake in shares of The Dixie Group by 14.4% during the fourth quarter. Acadian Asset Management LLC now owns 146,409 shares of the textile maker’s stock valued at $837,000 after buying an additional 18,466 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of The Dixie Group by 63.5% during the fourth quarter. Essex Investment Management Co. LLC now owns 150,432 shares of the textile maker’s stock valued at $862,000 after buying an additional 58,399 shares during the period. Finally, Royce & Associates LP increased its stake in shares of The Dixie Group by 1.5% during the first quarter. Royce & Associates LP now owns 899,472 shares of the textile maker’s stock valued at $2,788,000 after buying an additional 13,341 shares during the period. Hedge funds and other institutional investors own 53.01% of the company’s stock.

The Dixie Group Company Profile

(Get Rating)

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. It 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.

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