Destination XL Group Inc. (DXLG) Trading Up 2.3%
Shares of Destination XL Group Inc. (NASDAQ:DXLG) were up 2.3% on Monday . The stock traded as high as $5.00 and last traded at $4.98, with a volume of 55,613 shares traded. The stock had previously closed at $4.87.
Separately, Zacks Investment Research downgraded Destination XL Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Destination XL Group presently has an average rating of “Buy” and a consensus price target of $7.50.
The company’s 50 day moving average is $4.80 and its 200 day moving average is $4.82. The firm’s market cap is $246.57 million.
Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Friday, May 20th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). During the same period last year, the company posted ($0.01) EPS. The company had revenue of $107.90 million for the quarter, compared to analyst estimates of $109.56 million. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts anticipate that Destination XL Group Inc. will post ($0.02) earnings per share for the current year.
An institutional investor recently raised its position in Destination XL Group stock. Dimensional Fund Advisors LP increased its stake in Destination XL Group Inc. (NASDAQ:DXLG) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,862,603 shares of the company’s stock after buying an additional 74,690 shares during the period. Dimensional Fund Advisors LP owned approximately 3.79% of Destination XL Group worth $10,282,000 at the end of the most recent reporting 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.
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