According to Zacks, “Dixie Group Inc. is a leading carpet and rug manufacturer and supplier to higher-end residential and commercial customers serviced by Masland Carpets and Fabrica International, to consumers through major retailers under the Bretlin, Globaltex and Alliance Mills brands and to the factory-built housing and recreational vehicle markets through Carriage Carpets. Dixie’s Candlewick Yarns serves specialty carpet yarn customers.(PR) “
Shares of The Dixie Group (NASDAQ:DXYN) opened at 4.82 on Tuesday. The company’s market cap is $75.41 million. The stock has a 50 day moving average of $4.48 and a 200 day moving average of $4.02. The Dixie Group has a 12-month low of $3.00 and a 12-month high of $9.89.
The Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.18. The Dixie Group had a negative net margin of 0.86% and a negative return on equity of 1.76%. The firm earned $105.32 million during the quarter, compared to analyst estimates of $107.10 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The Dixie Group’s quarterly revenue was down 4.2% on a year-over-year basis.
Several large investors have recently made changes to their positions in the stock. Blair William & Co. IL raised its stake in shares of The Dixie Group by 2.0% in the second quarter. Blair William & Co. IL now owns 148,173 shares of the company’s stock worth $527,000 after buying an additional 2,950 shares in the last quarter. Boston Partners raised its stake in shares of The Dixie Group by 0.8% in the second quarter. Boston Partners now owns 175,240 shares of the company’s stock worth $624,000 after buying an additional 1,420 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of The Dixie Group during the second quarter worth about $305,000. FTB Advisors Inc. raised its stake in shares of The Dixie Group by 16.0% in the second quarter. FTB Advisors Inc. now owns 31,000 shares of the company’s stock worth $111,000 after buying an additional 4,277 shares in the last quarter. Finally, First Dallas Securities Inc. raised its stake in shares of The Dixie Group by 93.2% in the second quarter. First Dallas Securities Inc. now owns 86,050 shares of the company’s stock worth $306,000 after buying an additional 41,500 shares in the last quarter. 63.65% of the stock is owned by hedge funds and other institutional investors.
The Dixie Group Company Profile
The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.
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