The stock of Dixie Group Inc (NASDAQ:DXYN) is a huge mover today! The stock increased 11.20% or $0.56 on October 3, hitting $5.56. About 51,289 shares traded hands or 26.33% up from the average. Dixie Group Inc (NASDAQ:DXYN) has risen 11.36% since February 29, 2016 and is uptrending. It has underperformed by 0.86% the S&P500.
The move comes after 6 months positive chart setup for the $93.03 million company. It was reported on Oct, 3 by Barchart.com. We have $7.51 PT which if reached, will make NASDAQ:DXYN worth $32.56M more.
Analysts await Dixie Group Inc (NASDAQ:DXYN) to report earnings on November, 3. They expect $0.07 EPS, up 133.33% or $0.04 from last year’s $0.03 per share. DXYN’s profit will be $1.17 million for 19.86 P/E if the $0.07 EPS becomes a reality. After $0.12 actual EPS reported by Dixie Group Inc for the previous quarter, Wall Street now forecasts -41.67% negative EPS growth.
According to Zacks Investment Research, “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)”
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.07, from 0.93 in 2016Q1. The ratio increased, as 5 funds sold all Dixie Group Inc shares owned while 9 reduced positions. 4 funds bought stakes while 10 increased positions. They now own 9.63 million shares or 8.09% less from 10.47 million shares in 2016Q1.
The North Carolina-based Financial Bank Of America Corp De has invested 0% in Dixie Group Inc (NASDAQ:DXYN). Blackrock Fund Advsrs accumulated 0% or 39,981 shares. Buckhead Cap Mngmt Limited last reported 188,185 shares in the company. Paradigm Mngmt Ny holds 20,941 shares or 0.01% of its portfolio. Blackrock Institutional Na, a California-based fund reported 374,698 shares. Penn Cap Mngmt Inc reported 657,139 shares or 0.13% of all its holdings. Greenwood Assocs Limited Liability Corporation holds 14,733 shares or 0.02% of its portfolio. Patten And Patten Tn last reported 28,400 shares in the company. Price T Rowe Inc Md accumulated 454,591 shares or 0% of the stock. The Ohio-based Zelman Llc has invested 0.28% in Dixie Group Inc (NASDAQ:DXYN). Moreover, Endurance Wealth Mgmt has 0% invested in Dixie Group Inc (NASDAQ:DXYN) for 100 shares. Geode Cap Limited Liability Corporation holds 69,045 shares or 0% of its portfolio. Jbf reported 1,000 shares or 0% of all its holdings. The New Jersey-based Blackrock Invest Management Limited Liability Company has invested 0% in Dixie Group Inc (NASDAQ:DXYN). Wells Fargo & Mn holds 1.35M shares or 0% of its portfolio.
Insider Transactions: Since May 2, 2016, the stock had 5 insider buys, and 0 sales for $19,807 net activity. $3,260 worth of shares were bought by FAULKNER JON A on Thursday, May 12. Blue William F JR bought 1,104 shares worth $4,140.
More notable recent Dixie Group Inc (NASDAQ:DXYN) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating The Dixie …” on July 11, 2016, also Quotes.Wsj.com with their article: “News Dixie Group Inc.DXYN” published on February 12, 2011, Timesfreepress.com published: “Chattanooga-based Dixie Group reports wider first quarter loss” on May 04, 2016. More interesting news about Dixie Group Inc (NASDAQ:DXYN) were released by: Seekingalpha.com and their article: “The Dixie Group’s (DXYN) CEO Daniel Frierson on Q2 2016 Results – Earnings …” published on July 27, 2016 as well as Seekingalpha.com‘s news article titled: “Dixie Group’s (DXYN) CEO Dan Frierson on Q1 2016 Results – Earnings Call …” with publication date: May 06, 2016.
DXYN Company Profile
The Dixie Group, Inc., incorporated on July 25, 1932, is engaged in marketing, manufacturing and selling of carpet and rugs. The Firm offers its products to various residential and commercial clients through its various sales forces and brands. The Firm operates through the carpet and rug manufacturing segment. The Firm also provides carpet and yarn related services to other manufacturers. The Company’s brands include Fabrica, Masland Residential, Dixie Home, Atlas Carpet Mills, Masland Contract and Masland Hospitality. Dixie International sells its brands outside of the North American market.
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