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DXYN Dixie

The Dixie Group, Inc. engages in the marketing, manufacture, and sale of floorcovering products. It operates through the Residential and Commercial segments. Its brands include Fabrica, Masland Residential, Dixie Home, and Atlas Masland Contract. The company was founded in 1920 and is headquartered in Dalton, GA.

Company profile

Ticker
DXYN
Exchange
CEO
Daniel Frierson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DIXIE YARNS INC
SEC CIK
IRS number
620183370

DXYN stock data

(
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Calendar

10 Mar 21
12 Apr 21
26 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Dixie earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.92M 1.92M 1.92M 1.92M 1.92M 1.92M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 243.25K 790.33K (positive/no burn)
Cash used (since last report) n/a n/a n/a 870.62K 2.83M n/a
Cash remaining n/a n/a n/a 1.05M -908.71K n/a
Runway (months of cash) n/a n/a n/a 4.3 -1.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Mar 21 W Derek Davis Common Stock, $3 par value Payment of exercise Dispose F No No 3.27 2,824 9.23K 131,862
12 Mar 21 Thomas Martin Nuckols Common Stock, $3 par value Payment of exercise Dispose F No No 3.27 2,157 7.05K 90,838
12 Mar 21 Daniel K Jr. Frierson Common Stock, $3 par value Payment of exercise Dispose F No No 3.27 2,412 7.89K 16,839
12 Mar 21 Frierson Daniel K Common Stock, $3 par value Payment of exercise Dispose F No No 3.27 8,536 27.91K 76,545
10 Mar 21 Allen L Danzey Common Stock, $3 par value Grant Aquire A No No 0 21,350 0 39,055
10 Mar 21 Allen L Danzey Common Stock, $3 par value Grant Aquire A No No 0 8,000 0 17,705
10 Mar 21 W Derek Davis Common Stock, $3 par value Grant Aquire A No No 0 24,553 0 134,686
10 Mar 21 W Derek Davis Common Stock, $3 par value Grant Aquire A No No 0 9,200 0 110,133
10 Mar 21 Thomas Martin Nuckols Common Stock, $3 par value Grant Aquire A No No 0 11,000 0 92,995
10 Mar 21 Thomas Martin Nuckols Common Stock, $3 par value Grant Aquire A No No 0 30,656 0 81,995

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

40.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 33 30 +10.0%
Opened positions 6 8 -25.0%
Closed positions 3 4 -25.0%
Increased positions 5 7 -28.6%
Reduced positions 8 4 +100.0%
13F shares
Current Prev Q Change
Total value 15.03M 3.36M +347.1%
Total shares 5.9M 3.74M +57.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Gendell Jeffrey L 1.44M $3.67M NEW
Hodges Capital Management 1.37M $3.48M -9.1%
Kopion Asset Management 601.66K $1.53M -1.9%
MS Morgan Stanley 509.3K $1.3M +115.3%
BLK Blackrock 363.73K $927K +0.1%
Royce & Associates 316.15K $806K NEW
Blair William & Co 221.26K $564K 0.0%
Renaissance Technologies 219.3K $559K +600.6%
Bridgeway Capital Management 180.9K $461K +63.6%
Vanguard 168.58K $430K 0.0%
Largest transactions
Shares Bought/sold Change
Gendell Jeffrey L 1.44M +1.44M NEW
Royce & Associates 316.15K +316.15K NEW
MS Morgan Stanley 509.3K +272.73K +115.3%
Renaissance Technologies 219.3K +188K +600.6%
Hodges Capital Management 1.37M -136.28K -9.1%
Bridgeway Capital Management 180.9K +70.3K +63.6%
Dimensional Fund Advisors 31.35K -59.32K -65.4%
Acadian Asset Management 58.97K +58.97K NEW
Susquehanna International 26.07K +26.07K NEW
Cambridge Investment Research Advisors 15.51K -16.5K -51.6%

Financial report summary

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Risks
  • Raw material prices may vary and the inability to either offset or pass on such cost increases or avoid passing on decreases larger than the cost decrease to our customers could have a material adverse effect on our business, results of operations and financial condition.
Management Discussion
  • Net Sales. Net sales for the year ended December 26, 2020 were $315.9 million compared with $374.6 in the year-earlier period, a decrease of 15.7% for the year-over-year comparison. Sales of residential floorcovering products were down 7.0% and sales of commercial floorcovering products decreased 37.0%. Net sales in our residential markets have begun to recover from the COVID-19 pandemic but our commercial markets continue to experience reduced sales activity.
  • Gross Profit. Gross profit, as a percentage of net sales, increased 1.2 percentage points in 2020 compared with 2019. Cost reductions resulting from our Profit Improvement Plan, which was implemented in the prior year, and net expense reductions from the implementation of our COVID-19 Continuity Plan contributed to the improved gross profit margin. These cost savings were partially offset by under absorbed fixed costs due to reduced sales volume after the first quarter and costs related to the COVID-19 Recovery Plan.
  • Selling and Administrative Expenses. Selling and administrative expenses were $75.7 million in 2020 compared with $83.8 million in 2019, but higher as a percentage of the lower sales volume. Selling and administrative expenses as a percent of the net sales for 2020 and 2019 were 24.0% and 22.4% respectively. The reduction in expenses for selling and administrative expenses in 2020 was the result of cost cuts in response to the COVID-19 pandemic and cost reductions in place from the Profit Improvement Plan implemented in previous years.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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