Favorable Media Coverage Somewhat Unlikely to Affect Destination XL Group (DXLG) Stock Price
Media coverage about Destination XL Group (NASDAQ:DXLG) has been trending positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Destination XL Group earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 46.2162545035019 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Destination XL Group (NASDAQ DXLG) traded up 1.20% on Friday, hitting $2.10. The company’s stock had a trading volume of 213,679 shares. Destination XL Group has a 1-year low of $1.46 and a 1-year high of $5.00. The company’s market capitalization is $101.91 million. The company has a 50 day moving average price of $1.94 and a 200-day moving average price of $2.18.
Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). Destination XL Group had a negative net margin of 2.75% and a negative return on equity of 8.87%. The business had revenue of $121.13 million during the quarter, compared to analyst estimates of $123.57 million. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Destination XL Group will post ($0.19) earnings per share for the current fiscal year.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Destination XL Group from a “hold” rating to a “strong sell” rating in a report on Monday, September 25th. FBR & Co reaffirmed an “outperform” rating and issued a $3.00 price target on shares of Destination XL Group in a report on Tuesday, July 11th.
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Destination XL Group Company Profile
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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