Destination XL Group Inc (NASDAQ:DXLG) issued its quarterly earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The firm had revenue of $122.60 million for the quarter, compared to analyst estimates of $126.81 million. Destination XL Group had a negative return on equity of 3.54% and a negative net margin of 1.20%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share.
Destination XL Group (NASDAQ:DXLG) opened at 2.35 on Tuesday. The firm’s market cap is $116.46 million. The firm’s 50-day moving average price is $3.00 and its 200-day moving average price is $3.91. Destination XL Group has a 1-year low of $2.10 and a 1-year high of $5.88.
A number of analysts have recently issued reports on DXLG shares. Zacks Investment Research lowered Destination XL Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 1st. TheStreet lowered Destination XL Group from a “c-” rating to a “d+” rating in a research note on Monday, January 23rd.
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In other Destination XL Group news, Director Willem Mesdag acquired 50,788 shares of the firm’s stock in a transaction dated Thursday, January 12th. The shares were acquired at an average price of $3.58 per share, for a total transaction of $181,821.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.35% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Destination XL Group by 3.1% in the fourth quarter. State Street Corp now owns 556,658 shares of the company’s stock worth $2,368,000 after buying an additional 16,944 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Destination XL Group during the fourth quarter worth $1,007,000. Krasney Financial LLC boosted its position in shares of Destination XL Group by 110.2% in the third quarter. Krasney Financial LLC now owns 119,946 shares of the company’s stock worth $519,000 after buying an additional 62,896 shares during the last quarter. Rutabaga Capital Management LLC MA boosted its position in shares of Destination XL Group by 10.9% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,681,939 shares of the company’s stock worth $6,812,000 after buying an additional 164,694 shares during the last quarter. Finally, ICM Asset Management Inc. WA purchased a new position in shares of Destination XL Group during the third quarter worth $1,061,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.
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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