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 up 0.94% during trading on Wednesday, reaching $5.36. The company had a trading volume of 160,546 shares. The company's market capitalization is $263.27 million. Destination XL Group has a 52 week low of $3.95 and a 52 week high of $6.70. The stock's 50-day moving average price is $5.22 and its 200-day moving average price is $5.01.
Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Friday, March 18th. The company reported ($0.02) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.02). The company earned $124 million during the quarter. During the same period in the prior year, the company posted $0.02 earnings per share. The company's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts expect that Destination XL Group will post ($0.01) EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in DXLG. RMB Capital Management LLC raised its stake in Destination XL Group by 10.5% in the first quarter. RMB Capital Management LLC now owns 562,654 shares of the company's stock worth $2,909,000 after buying an additional 53,558 shares in the last quarter. 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 valued at $10,282,000 after buying an additional 74,690 shares in 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 valued at $12,070,000 after buying an additional 57,800 shares in 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 29 8,954 shares of the company's stock valued at $1,650,000 after buying an additional 1,177 shares in 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 valued at $10,203,000 after buying an additional 121,895 shares in the last quarter.
A number of other analysts have also weighed in on the stock. TheStreet raised shares of Destination XL Group from a sell rating to a hold rating in a research note on Friday, March 18th. Lake Street Capital boosted their target price on shares of Destination XL Group from $8.00 to $9.00 and gave the stock a buy rating in a report on Monday, March 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. The company currently has a consensus rating of Buy and an average target price of $7.50.
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.
Get a free copy of the Zacks research report on Destination XL Group (DXLG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Destination XL Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Destination XL Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.
Source: Destination XL Group Inc (DXLG) Downgraded by Zacks Investment Research
No comments:
Post a Comment