Dixie Group Inc
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Consumer Discretionary : Household Durables | Small Cap Value
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. 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. Fabrica markets and manufactures various residential carpet and custom rugs. Masland Contract markets and manufactures broadloom and modular carpet tile for the specified commercial marketplace. Masland Residential markets and manufactures design-driven specialty carpets and rugs for the residential marketplace. Dixie Home markets a range of tufted broadloom residential and commercial carpets.

Price
Delayed
$0.67
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)

Today's volume of 0 shares is on pace to be much lighter than DXYN's 10-day average volume of 62,658 shares.

0

Tesla target cut at Citi due to risks of extended Fremont shutdown

8:07 am ET March 24, 2020 (MarketWatch)
Print

Citi analyst Itay Michaeli lowered his price target on Tesla Inc. shares (TSLA) to $246 from $312 Tuesday, writing that he is increasing the probability of the bear case in his scenario analysis. "These new probabilities reflect our view that while Tesla's balance sheet should be able to withstand a highly disruptive Q2, the risk of an extended shutdown at Fremont could put significant pressure on the balance sheet (we assume minimum cash of around $2.0 billion)," he wrote. Michaeli also worries that some of the U.S. regions that have seen the biggest COVID-19 impacts are "significant [electric-vehicle] sales contributors," which in his view "calls into question the pace of demand even if Fremont were to restart production." Michaeli has a sell rating on Tesla shares, which are up some 6% in premarket trading Tuesday. The stock has dropped 48% over the past month as the S&P 500 has fallen 31%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 24, 2020 08:07 ET (12:07 GMT)

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