Boston Partners raised its stake in Dixie Group, Inc. (NASDAQ:DXYN) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 763,620 shares of the textile maker’s stock after acquiring an additional 106,600 shares during the quarter. Boston Partners owned approximately 4.73% of Dixie Group worth $2,100,000 at the end of the most recent reporting period.
Separately, Wells Fargo & Company MN lifted its holdings in Dixie Group by 3.4% in the first quarter. Wells Fargo & Company MN now owns 1,813,701 shares of the textile maker’s stock valued at $4,988,000 after acquiring an additional 60,229 shares during the period. 63.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dixie Group opened at $2.60 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.69 and a quick ratio of 0.85. The company has a market cap of $42.69 million, a PE ratio of -37.14 and a beta of 0.26. Dixie Group, Inc. has a 1-year low of $2.50 and a 1-year high of $5.20.
Dixie Group (NASDAQ:DXYN) last announced its earnings results on Thursday, May 3rd. The textile maker reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.01). The business had revenue of $98.86 million for the quarter, compared to analyst estimates of $99.70 million. Dixie Group had a negative return on equity of 4.16% and a negative net margin of 2.87%. sell-side analysts forecast that Dixie Group, Inc. will post 0.06 earnings per share for the current fiscal year.
DXYN has been the subject of a number of analyst reports. ValuEngine downgraded Dixie Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research raised Dixie Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 1st.
Dixie Group Profile
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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