Destination XL Group Inc. (DXLG) Sees Large Volume Increase
Destination XL Group Inc. (NASDAQ:DXLG) shares saw unusually-strong trading volume on Tuesday . Approximately 116,972 shares traded hands during trading, an increase of 69% from the previous session’s volume of 69,075 shares.The stock last traded at $5.48 and had previously closed at $5.43.
A number of equities analysts have recently commented on DXLG shares. Zacks Investment Research downgraded shares of Destination XL Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Wunderlich started coverage on shares of Destination XL Group in a research note on Tuesday, August 2nd. They set a “buy” rating and a $6.50 price objective for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Destination XL Group currently has a consensus rating of “Buy” and a consensus target price of $7.33.
The stock’s market cap is $271.33 million. The stock’s 50 day moving average price is $5.07 and its 200 day moving average price is $4.92.
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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