Zacks Investment Research downgraded shares of Destination XL Group Inc (NASDAQ:DXLG) from a buy rating to a hold rating in a research note released on Tuesday morning, Analyst Ratings Net reports.
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. "
A number of other equities analysts have also weighed in on the stock. TheStreet upgraded shares of Destination XL Group from a sell rating to a hold rating in a report on Friday, March 18th. Lake Street Capital lifted their target price 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $7.50.
Other institutional investors have recently modified their holdings of the company. EAM Investors LLC raised 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 worth $1,650,000 after buying an additional 1,177 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position 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 company's stock worth $10,203,000 after buying an additional 121,895 shares in the last quarter. Dimensional Fund Advisors LP raised 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 worth $10,282,000 after buying an additional 74,690 shares in the last quarter. Finally, Greenwood Investments Inc. raised its po sition 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 worth $12,070,000 after buying an additional 57,800 shares in the last quarter.
Shares of Destination XL Group (NASDAQ:DXLG) traded up 0.857% on Tuesday, hitting $5.295. The stock had a trading volume of 10,651 shares. The stock has a 50 day moving average of $4.97 and a 200 day moving average of $5.07. The firm's market cap is $260.07 million. Destination XL Group has a 12-month low of $3.95 and a 12-month high of $6.70.
Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Friday, March 18th. The company reported ($0.02) earnings per share for the quarter, meeting the Zacks' consensus estimate of ($0.02). The company earned $124 million during the quarter. During the same quarter in the previous year, the business posted $0.02 EPS. The firm's revenue was up 3.7% compared to the same quarter last year. Equities analysts predict that Destination XL Group will post ($0.01) earnings per share for the current fiscal year.
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) Downgraded by Zacks Investment Research
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