Destination XL Group Inc. (DXLG) Sees Large Volume Increase
Destination XL Group Inc. (NASDAQ:DXLG) saw strong trading volume on Thursday . 127,817 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 117,241 shares.The stock last traded at $5.01 and had previously closed at $5.01.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Destination XL Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. TheStreet raised shares of Destination XL Group from a “sell” rating to a “hold” rating in a report on Friday, March 18th. Finally, Lake Street Capital upped their price objective on shares of Destination XL Group from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, March 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $7.50.
The company’s 50 day moving average is $4.73 and its 200-day moving average is $4.84. The firm’s market cap is $248.56 million.
Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Friday, May 20th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $107.90 million for the quarter, compared to the consensus estimate of $109.56 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. Destination XL Group’s revenue was up 3.4% compared to the same quarter last year. On average, analysts anticipate that Destination XL Group Inc. will post ($0.02) EPS for the current year.
Several institutional investors recently modified their holdings of the stock. EAM Investors LLC increased its position in shares of Destination XL Group by 0.4% in the fourth quarter. EAM Investors LLC now owns 298,954 shares of the company’s stock valued at $1,650,000 after buying an additional 1,177 shares during the last quarter. Greenwood Investments Inc. increased its position in shares of Destination XL Group by 2.7% in the fourth quarter. Greenwood Investments Inc. now owns 2,186,612 shares of the company’s stock valued at $12,070,000 after buying an additional 57,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Destination XL Group by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,862,603 shares of the company’s stock valued at $10,282,000 after buying an additional 74,690 shares during the last quarter.
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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