Dixie Group (NASDAQ:DXYN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.

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) “

Dixie Group (NASDAQ:DXYN) traded up $0.05 on Tuesday, hitting $3.45. The stock had a trading volume of 5,088 shares, compared to its average volume of 17,800. The company has a quick ratio of 0.81, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. Dixie Group has a 52-week low of $3.30 and a 52-week high of $5.20. The stock has a market capitalization of $59.48, a PE ratio of -19.17 and a beta of 0.61.

Several institutional investors and hedge funds have recently bought and sold shares of DXYN. Wells Fargo & Company MN increased its stake in shares of Dixie Group by 1.2% during the second quarter. Wells Fargo & Company MN now owns 1,642,534 shares of the textile maker’s stock valued at $7,328,000 after buying an additional 19,585 shares during the period. GRT Capital Partners L.L.C. increased its stake in shares of Dixie Group by 17.0% during the second quarter. GRT Capital Partners L.L.C. now owns 31,000 shares of the textile maker’s stock valued at $138,000 after buying an additional 4,500 shares during the period. Northern Trust Corp increased its stake in shares of Dixie Group by 4.0% during the second quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock valued at $141,000 after buying an additional 1,198 shares during the period. Advisor Group Inc. increased its stake in shares of Dixie Group by 2.7% during the second quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock valued at $401,000 after buying an additional 2,350 shares during the period. Finally, FTB Advisors Inc. increased its stake in shares of Dixie Group by 71.3% during the second quarter. FTB Advisors Inc. now owns 28,869 shares of the textile maker’s stock valued at $128,000 after buying an additional 12,016 shares during the period. 62.87% of the stock is currently owned by hedge funds and other institutional investors.

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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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