Destination XL Group Inc. (DXLG) Sees Unusually-High Trading Volume
Destination XL Group Inc. (NASDAQ:DXLG) shares saw an uptick in trading volume on Thursday . 132,142 shares changed hands during trading, an increase of 21% from the previous session’s volume of 109,407 shares.The stock last traded at $4.91 and had previously closed at $5.02.
A number of brokerages have recently issued reports on DXLG. Zacks Investment Research lowered Destination XL Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. TheStreet raised Destination XL Group from a “sell” rating to a “hold” rating in a research report on Friday, March 18th. Finally, Lake Street Capital boosted their target price on Destination XL Group from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, March 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Destination XL Group presently has an average rating of “Buy” and an average target price of $7.50.
The firm’s 50-day moving average is $4.77 and its 200-day moving average is $4.84. The firm’s market cap is $247.56 million.
Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings results on Friday, May 20th. The company reported ($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.01). During the same period in the prior year, the business earned ($0.01) earnings per share. The business had revenue of $107.90 million for the quarter, compared to analyst estimates of $109.56 million. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts predict that Destination XL Group Inc. will post ($0.02) EPS for the current fiscal year.
A number of large investors have added to or reduced their stakes in the stock. EAM Investors LLC boosted 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 worth $1,650,000 after buying an additional 1,177 shares in the last quarter. Greenwood Investments Inc. raised its position in shares of Destination XL Group by 2.7% in the fourth quarter. Greenwood Investments Inc. now owns 2,186,612 shares of the company’s stock worth $12,070,000 after buying an additional 57,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 worth $10,282,000 after buying an additional 74,690 shares during the last quarter.
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.
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