Destination XL Group (DXLG) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Destination XL Group (NASDAQ:DXLG) released its quarterly earnings results on Friday. The specialty retailer reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01, Bloomberg Earnings reports. Destination XL Group had a negative net margin of 3.01% and a negative return on equity of 10.24%.

Shares of DXLG stock opened at $2.00 on Friday. The stock has a market cap of $111.98, a PE ratio of -7.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.17 and a current ratio of 1.10. Destination XL Group has a one year low of $1.46 and a one year high of $3.00.

A number of institutional investors have recently made changes to their positions in the business. ICM Asset Management Inc. WA grew its stake in Destination XL Group by 28.5% during the fourth quarter. ICM Asset Management Inc. WA now owns 1,289,166 shares of the specialty retailer’s stock worth $2,836,000 after buying an additional 285,634 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Destination XL Group during the fourth quarter worth about $231,000. Brandywine Global Investment Management LLC acquired a new stake in Destination XL Group during the fourth quarter worth about $937,000. Glenhill Advisors LLC grew its stake in Destination XL Group by 26.7% during the fourth quarter. Glenhill Advisors LLC now owns 6,162,640 shares of the specialty retailer’s stock worth $13,558,000 after buying an additional 1,298,749 shares in the last quarter. Finally, Roumell Asset Management LLC acquired a new stake in Destination XL Group during the fourth quarter worth about $1,774,000. Hedge funds and other institutional investors own 82.17% of the company’s stock.

Separately, ValuEngine downgraded shares of Destination XL Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

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About Destination XL Group

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.

Earnings History for Destination XL Group (NASDAQ:DXLG)

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