Destination XL Group Inc (DXLG) Stock Price Up 2.3%
Shares of Destination XL Group Inc (NASDAQ:DXLG) rose 2.3% during mid-day trading on Tuesday . The stock traded as high as $5.40 and last traded at $5.35, with a volume of 116,650 shares. The stock had previously closed at $5.23.
DXLG has been the topic of several recent research reports. Zacks Investment Research raised Destination XL Group from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Tuesday, May 24th. Wunderlich initiated coverage on Destination XL Group in a report on Tuesday, August 2nd. They issued a “buy” rating and a $6.50 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $7.33.
The firm’s market cap is $266.88 million. The firm’s 50 day moving average is $4.96 and its 200 day moving average is $4.88.
Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings data on Friday, May 20th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). During the same period in the prior year, the firm posted ($0.01) EPS. The business had revenue of $107.90 million for the quarter, compared to analyst estimates of $109.56 million. Destination XL Group’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts expect that Destination XL Group Inc will post ($0.02) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Destination XL Group stock. Greenwood Investments Inc. raised its stake in Destination XL Group Inc (NASDAQ:DXLG) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,186,612 shares of the company’s stock after buying an additional 57,800 shares during the period. Destination XL Group comprises approximately 14.9% of Greenwood Investments Inc.’s portfolio, making the stock its largest position. Greenwood Investments Inc. owned 4.45% of Destination XL Group worth $12,070,000 at the end of the most recent reporting period.
Destination XL Group, Inc is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. 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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