Destination XL Group Inc. (DXLG) Sees Strong Trading Volume
Destination XL Group Inc. (NASDAQ:DXLG) shares saw unusually-high trading volume on Wednesday . Approximately 76,814 shares were traded during trading, an increase of 31% from the previous session’s volume of 58,475 shares.The stock last traded at $5.41 and had previously closed at $5.39.
DXLG has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Destination XL Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Wunderlich initiated coverage on shares of Destination XL Group in a report on Tuesday, August 2nd. They set a “buy” rating and a $6.50 price target for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Destination XL Group has an average rating of “Buy” and a consensus price target of $7.33.
The firm’s market cap is $267.37 million. The firm has a 50 day moving average of $4.99 and a 200 day moving average of $4.89.
Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Friday, May 20th. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The firm earned $107.90 million during the quarter, compared to the consensus estimate of $109.56 million. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. Equities analysts forecast that Destination XL Group Inc. will post ($0.02) EPS for the current year.
A hedge fund recently raised its stake in Destination XL Group stock. Greenwood Investments Inc. raised its position in Destination XL Group Inc. (NASDAQ:DXLG) by 2.7% during the fourth quarter, according to its most recent 13F filing 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 accounts for about 14.9% of Greenwood Investments Inc.’s holdings, 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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