Destination XL Group Inc. (DXLG) Sees Strong Trading Volume
Destination XL Group Inc. (NASDAQ:DXLG) saw strong trading volume on Wednesday . 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.
Several equities analysts have commented on the stock. Wunderlich assumed coverage on shares of Destination XL Group in a research report on Tuesday, August 2nd. They set a “buy” rating and a $6.50 target price on the stock. Zacks Investment Research downgraded shares of Destination XL Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $7.33.
The firm’s market cap is $272.32 million. The stock’s 50 day moving average is $5.02 and its 200 day moving average is $4.89.
Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Friday, May 20th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). During the same quarter in the previous year, the business posted ($0.01) earnings per share. The company earned $107.90 million during the quarter, compared to analyst estimates of $109.56 million. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts predict 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. increased its position in Destination XL Group Inc. (NASDAQ:DXLG) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 quarter.
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.
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.