Destination XL Group Inc (NASDAQ:DXLG) updated its FY17 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of ($0.05) – $0.00 for the period, compared to the Thomson Reuters consensus estimate of ($0.02). The company issued revenue guidance of $451-457 million, compared to the consensus revenue estimate of $459.82 million.

DXLG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Destination XL Group from a hold rating to a sell rating in a research report on Monday, August 29th. Wunderlich initiated coverage on shares of Destination XL Group in a research report on Tuesday, August 2nd. They issued a buy rating and a $6.50 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $7.00.

Shares of Destination XL Group Inc (NASDAQ:DXLG) opened at 4.85 on Friday. Destination XL Group Inc has a 52 week low of $3.90 and a 52 week high of $5.88. The firm’s market capitalization is $240.30 million. The firm has a 50-day moving average of $4.35 and a 200 day moving average of $4.73.

Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Friday, November 18th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Destination XL Group had a negative net margin of 1.43% and a negative return on equity of 4.18%. The business earned $101.90 million during the quarter, compared to analysts’ expectations of $103.82 million. During the same quarter in the prior year, the business posted ($0.07) EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Destination XL Group Inc will post ($0.03) EPS for the current fiscal year.

In related news, Director Willem Mesdag bought 9,744 shares of the stock in a transaction dated Wednesday, August 31st. The stock was acquired at an average price of $4.63 per share, for a total transaction of $45,114.72. The transaction was disclosed in a filing with the SEC, which is available at this link. 30.35% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its position in shares of Destination XL Group by 1.3% in the third quarter. Rhumbline Advisers now owns 43,312 shares of the company’s stock valued at $188,000 after buying an additional 550 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Destination XL Group by 0.9% in the third quarter. California State Teachers Retirement System now owns 76,826 shares of the company’s stock valued at $333,000 after buying an additional 700 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Destination XL Group by 3.1% in the second quarter. Alliancebernstein L.P. now owns 36,700 shares of the company’s stock valued at $168,000 after buying an additional 1,100 shares during the last quarter. BlackRock Investment Management LLC boosted its position in shares of Destination XL Group by 3.0% in the second quarter. BlackRock Investment Management LLC now owns 140,661 shares of the company’s stock valued at $643,000 after buying an additional 4,111 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Destination XL Group by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,228,948 shares of the company’s stock valued at $5,616,000 after buying an additional 5,392 shares during the last quarter. Institutional investors and hedge funds own 80.78% 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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