According to Zacks, "Destination XL Group, Inc. is a multi-channel specialty retailer of big & tall men's apparel with operations throughout the United States, Canada and Europe. It operates under six brands: Destination XL(R), Casual Male XL, Rochester Clothing, B&T Factory Direct, ShoesXL and LivingXL. Its stores offer sportswear, dress clothing, footwear, suits, loungewear, neckwear, and accessories, basic items and lifestyle products. The Company also has electronic commerce and catalog operations. Destination XL Group, Inc., formerly known as Casual Male Retail Group Inc., is headquartered in Canton, Massachusetts. "
Shares of Destination XL Group (NASDAQ:DXLG) traded down 4.40% during trading on Tuesday, hitting $4.13. 167,039 shares of the stock traded hands. The firm's market cap is $202.85 million. The company's 50 day moving average is $4.78 and its 200 day moving average is $5.28. Destination XL Group has a 52-week low of $4.06 and a 52-week high of $6.70.
Destination XL Group (NASDAQ:DXLG) last posted its earnings results on Friday, November 20th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.09) by $0.02. The business had revenue of $99.60 million for the quarter. During the same period in the prior year, the business earned ($0.08) EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Destination XL Group will post ($0.11) EPS for the current year.
Several other equities analysts also recently weighed in on DXLG. Brean Capital restated a buy rating on shares of Destination XL Group in a report on Monday, November 23rd. Sterne Agee CRT restated a buy rating on shares of Destination XL Group in a report on Sunday, November 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Destination XL Group currently has an average rating of Buy and a consensus price target of $7.06.
Several large investors have recently modified their holdings of DXLG. Rhumbline Advisers increased its stake in shares of Destination XL Group by 4.8% in the fourth quarter. Rhumbline Advisers now owns 49,871 shares of the company's stock worth $275,000 after buying an additional 2,295 shares during the period. California State Teachers Retirement System increased its stake in shares of Destination XL Group by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 66,537 shares of the company's stock worth $367,000 after buying an additional 1,136 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Destination XL Group during the fourth quarter worth approximately $733,000. Finally, Punch & Associates Investment Management Inc. increased its stake in shares of Destination XL Group by 7.1% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,848,336 shares of the co mpany's stock worth $10,203,000 after buying an additional 121,895 shares during the period.
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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