Destination XL Group Inc. (DXLG) Sees Unusually-High Trading Volume
Destination XL Group Inc. (NASDAQ:DXLG) shares saw strong trading volume on Thursday . 127,817 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 117,241 shares.The stock last traded at $5.01 and had previously closed at $5.01.
A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Destination XL Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. TheStreet upgraded shares of Destination XL Group from a “sell” rating to a “hold” rating in a report on Friday, March 18th. Finally, Lake Street Capital raised their price target on shares of Destination XL Group from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, March 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Destination XL Group has an average rating of “Buy” and a consensus target price of $7.50.
The firm’s market capitalization is $254.50 million. The stock’s 50-day moving average price is $4.75 and its 200 day moving average price is $4.84.
Destination XL Group (NASDAQ:DXLG) last released its earnings results on Friday, May 20th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $107.90 million for the quarter, compared to the consensus estimate of $109.56 million. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. On average, equities analysts anticipate that Destination XL Group Inc. will post ($0.02) EPS for the current fiscal year.
Several hedge funds have added to or reduced their stakes in DXLG. Greenwood Investments Inc. increased its stake in Destination XL Group by 2.7% in the fourth quarter. Greenwood Investments Inc. now owns 2,186,612 shares of the company’s stock valued at $12,070,000 after buying an additional 57,800 shares during the period. Dimensional Fund Advisors LP increased its stake in Destination XL Group by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,862,603 shares of the company’s stock valued at $10,282,000 after buying an additional 74,690 shares during the period. Finally, EAM Investors LLC increased its stake in Destination XL Group by 0.4% in the fourth quarter. EAM Investors LLC now owns 298,954 shares of the company’s stock valued at $1,650,000 after buying an additional 1,177 shares during the period.
Destination XL Group, Inc along with its subsidiaries is a specialty retailer of big & tall men’s apparel with retail and direct operations in the United States and London, England. The Company operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL Outlets, DXL Outlets, Rochester Clothing, ShoesXL and LivingXL.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.