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. "
Other hedge funds and institutional investors have bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in 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 worth $10,282,000 after buying an additional 74,690 shares during the last quarter. Greenwood Investments Inc. raised its position in Destination XL Group by 2.7% in the fourth quarter. Greenwood Investments Inc. now owns 2,186,612 shares of the company's stock worth $12,070,000 after buying an additional 57,800 shares during the last quarter. EAM Investors LLC raised its position in Destination XL Group by 0.4% in the fourth quarter. EAM Investors LLC now owns 298,954 shares of the company's stock worth $1,650,000 after buying an additional 1,177 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in Destination XL Group by 7.1% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,848,336 shares of the company's stock worth $10,203,000 after buying an additional 121,895 shares during the last quarter.
Shares of Destination XL Group (NASDAQ:DXLG) traded up 2.41% on Tuesday, reaching $4.67. The company had a trading volume of 20,432 shares. The firm's market capitalization is $229.38 million. The company's 50-day moving average price is $4.57 and its 200-day moving average price is $5.24. Destination XL Group has a 52-week low of $3.95 and a 52-week high of $6.70.
Destination XL Group (NASDAQ:DXLG) last released its earnings results on Friday, November 20th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.09) by $0.02. The firm earned $99.60 million during the quarter. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) EPS. On average, analysts predict that Destination XL Group will post ($0.11) earnings per share for the current year.
Several other equities research analysts have also recently commented on DXLG. Brean Capital restated a buy rating on shares of Destination XL Group in a research note on Monday, November 23rd. Sterne Agee CRT reiterated a buy rating on shares of Destination XL Group in a research note on Sunday, November 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Destination XL Group presently has an average rating of Buy and an average target price of $7.13.
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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Source: Destination XL Group Inc (DXLG) Upgraded by Zacks Investment Research to Buy
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