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.
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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.
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