Company profile

Ticker
DXYN
Exchange
CEO
Daniel K. Frierson
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Dixie Yarns Inc
SEC CIK
IRS number
620183370

DXYN stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

12 Mar 20
7 Apr 20
28 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 90.13M 95.45M 100.39M 88.61M
Net income 25.71M -2.55M -1.22M -6.67M
Diluted EPS 1.59 -0.16 -0.07 -0.42
Net profit margin 28.53% -2.68% -1.21% -7.53%
Operating income 26.68M -1.04M 574K -4.86M
Net change in cash 750K -1K 8K -6K
Cash on hand 769K 19K 20K 12K
Cost of revenue 67.42M 74.37M 76.9M 69.69M
Annual (USD) Dec 19 Dec 15 Dec 14
Revenue 374.58M 422.48M 406.59M
Net income 15.27M -2.43M -1.4M
Diluted EPS 0.93 -0.16 -0.11
Net profit margin 4.08% -0.57% -0.34%
Operating income 21.35M 1.99M -5.24M
Net change in cash 488K -113K
Cash on hand 769K 281K 394K
Cost of revenue 288.38M 316.25M 311.09M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
12 Mar 20 Allen L Danzey Common Stock, $3 par value Grant Aquire A 0 3,000 0 9,705
12 Mar 20 W Derek Davis Common Stock, $3 par value Payment of exercise Dispose F 1.23 3,421 4.21K 100,933
12 Mar 20 W Derek Davis Common Stock, $3 par value Grant Aquire A 0 9,200 0 104,354
12 Mar 20 Jon A Faulkner Common Stock, $3 par value Payment of exercise Dispose F 1.23 2,254 2.77K 186,482
12 Mar 20 Jon A Faulkner Common Stock, $3 par value Grant Aquire A 0 16,200 0 188,736
12 Mar 20 Thomas Martin Nuckols Common Stock, $3 par value Payment of exercise Dispose F 1.23 9,617 11.83K 51,339
12 Mar 20 Thomas Martin Nuckols Common Stock, $3 par value Grant Aquire A 0 11,000 0 60,956
12 Mar 20 Frierson Daniel K Class B Common Stock, $3 par value Grant Aquire A 0 22,628 0 470,326
12 Mar 20 Frierson Daniel K Common Stock, $3 par value Payment of exercise Dispose F 1.23 6,982 8.59K 49,304
12 Mar 20 Frierson Daniel K Common Stock, $3 par value Grant Aquire A 0 2,372 0 58,786
37.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 29 28 +3.6%
Opened positions 5 6 -16.7%
Closed positions 4 5 -20.0%
Increased positions 7 2 +250.0%
Reduced positions 8 6 +33.3%
13F shares
Current Prev Q Change
Total value 6.65M 6.08M +9.4%
Total shares 5.83M 4.54M +28.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Hodges Capital Management 1.7M $1.94M -6.2%
Kopion Asset Management 1.05M $1.2M NEW
Dimensional Fund Advisors 881.9K $1.01M -5.4%
Gendell Jeffrey L 823.14K $938K NEW
BLK BlackRock 362.69K $414K +0.1%
Blair William & Co 271.26K $309K 0.0%
Vanguard 168.58K $192K -1.2%
MS^L Morgan Stanley 123.43K $141K +9394.2%
Bridgeway Capital Management 68.2K $78K -33.9%
Geode Capital Management 65.37K $74K +1.9%
Largest transactions
Shares Bought/sold Change
Kopion Asset Management 1.05M +1.05M NEW
Gendell Jeffrey L 823.14K +823.14K NEW
WFC Wells Fargo & Co. 0 -309.08K EXIT
Boston Partners 0 -238.69K EXIT
MS^L Morgan Stanley 123.43K +122.13K +9394.2%
Hodges Capital Management 1.7M -112.32K -6.2%
Dimensional Fund Advisors 881.9K -50.17K -5.4%
BB&T Securities 0 -40K EXIT
TFC Truist Financial 40K +40K NEW
Bridgeway Capital Management 68.2K -35K -33.9%

Financial report summary

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Risks
  • In addition to the other information provided in this Report, the following risk factors should be considered when evaluating the results of our operations, future prospects and an investment in shares of our Common Stock. Any of these factors could cause our actual financial results to differ materially from our historical results, and could give rise to events that might have a material adverse effect on our business, financial condition and results of operations.
  • The floorcovering industry is sensitive to changes in general economic conditions and a decline in residential or commercial construction activity or corporate remodeling and refurbishment could have a material adverse effect on our business.
  • We have significant levels of sales in certain channels of distribution and reduction in sales through these channels could adversely affect our business.
  • We have significant levels of indebtedness that could result in negative consequences to us.
  • Uncertainty in the credit market or downturns in the economy and our business could affect our overall availability and cost of credit.
  • If our stock price were to fall below $1.00 for an extended time, our common stock may be subject to delisting from The NASDAQ Stock Market.
  • Our stock price has been and could remain volatile, which could further adversely affect the market price of our stock, our ability to raise additional capital and/or cause us to be subject to securities class action litigation.
  • We face intense competition in our industry, which could decrease demand for our products and could have a material adverse effect on our profitability.
  • If we are unable to anticipate consumer preferences and successfully develop and introduce new, innovative and updated products, we may not be able to maintain or increase our net revenues and profitability.
  • 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.
  • Unanticipated termination or interruption of our arrangements with third-party suppliers of nylon yarn could have a material adverse effect on us.
  • The long-term performance of our business relies on our ability to attract, develop and retain qualified personnel.
  • We are subject to various governmental actions that may interrupt our supply of materials.
  • We may experience certain risks associated with internal expansion, acquisitions, joint ventures and strategic investments.
  • We are subject to various environmental, safety and health regulations that may subject us to costs, liabilities and other obligations, which could have a material adverse effect on our business, results of operations and financial condition.
  • We may be exposed to litigation, claims and other legal proceedings in the ordinary course of business relating to our products or business, which could have a material adverse effect on our business, results of operations and financial condition.
  • Our business operations could suffer significant losses from natural disasters, pandemics, catastrophes, fire or other unexpected events.
Management Discussion
  • Net Sales. Net sales for the year ended December 28, 2019 were $374.6 million compared with $405.0 million in the year-earlier period, a decrease of 7.5% for the year-over-year comparison. Sales of residential floorcovering products were down 7.2% primarily due to our mass merchant customers shifting their emphasis from soft surface to hard surface floor coverings. Sales of commercial floorcovering products decreased 9.4%. The decrease in commercial net sales was due to distractions caused by the restructuring of our commercial operations and sales force during the first half of 2019.
  • Gross Profit. Gross profit, as a percentage of net sales, increased 1.5 percentage points in 2019 compared with 2018. Gross profit in 2019 was favorably impacted by savings from our Profit Improvement Plan. Gross profit in 2018 was negatively impacted by inventory write downs related to the Profit Improvement Plan.
  • Selling and Administrative Expenses. Selling and administrative expenses were $83.8 million in 2019 compared with $92.5 million in 2018, a decrease of .4% as a percentage of sales. The improved results in the 2019 selling expenses are the result of changes made as part of our Profit Improvement Plan.
Content analysis ?
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Constraining
Legalese
Litigous
Readability
8th grade Avg
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