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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

16 May 21
31 Jul 21
25 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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) 1.52M 1.52M 1.52M 1.52M 1.52M 1.52M
Cash burn (monthly) 132.33K (positive/no burn) 222.33K 187.5K (positive/no burn) (positive/no burn)
Cash used (since last report) 548.58K n/a 921.67K 777.27K n/a n/a
Cash remaining 974.42K n/a 601.33K 745.73K n/a n/a
Runway (months of cash) 7.4 n/a 2.7 4.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 May 21 Charles E Brock Common Stock, $3 par value Grant Aquire A No No 0 8,000 0 33,341
5 May 21 Kline Lowry F Common Stock, $3 par value Grant Aquire A No No 0 8,000 0 76,699
5 May 21 Owens Michael L. Common Stock, $3 par value Grant Aquire A No No 0 8,000 0 29,175
5 May 21 Murray Hilda S Common Stock, $3 par value Grant Aquire A No No 0 8,000 0 33,341
5 May 21 Blue William F JR Common Stock, $3 par value Grant Aquire A No No 0 8,000 0 41,571

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

43.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 36 33 +9.1%
Opened positions 6 6
Closed positions 3 3
Increased positions 8 5 +60.0%
Reduced positions 11 8 +37.5%
13F shares
Current Prev Q Change
Total value 18.9M 15.03M +25.7%
Total shares 6.36M 5.9M +7.9%
Total puts 0 0
Total calls 10.9K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
Gendell Jeffrey L 1.39M $4.12M -3.5%
Hodges Capital Management 1.28M $3.8M -6.4%
Royce & Associates 853.28K $2.53M +169.9%
Kopion Asset Management 520.24K $1.55M -13.5%
MS Morgan Stanley 397.35K $1.18M -22.0%
BLK Blackrock 364.6K $1.08M +0.2%
Bridgeway Capital Management 231.2K $687K +27.8%
Blair William & Co 221.26K $657K 0.0%
Renaissance Technologies 215.1K $639K -1.9%
Vanguard 207.78K $617K +23.3%
Largest transactions
Shares Bought/sold Change
Royce & Associates 853.28K +537.13K +169.9%
MS Morgan Stanley 397.35K -111.95K -22.0%
Hodges Capital Management 1.28M -87.18K -6.4%
Kopion Asset Management 520.24K -81.43K -13.5%
Acadian Asset Management 131.85K +72.88K +123.6%
Raymond James Financial Services Advisors 58.4K +58.4K NEW
Squarepoint Ops 57.65K +57.65K NEW
Bridgeway Capital Management 231.2K +50.3K +27.8%
Gendell Jeffrey L 1.39M -50K -3.5%
Vanguard 207.78K +39.2K +23.3%

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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