Destination XL Group Inc. (DXLG) Given Average Rating of “Buy” by Brokerages
Shares of Destination XL Group Inc. (NASDAQ:DXLG) have been given an average rating of “Buy” by the six ratings firms that are currently covering the stock. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $7.75.
Several brokerages recently weighed in on DXLG. Zacks Investment Research upgraded shares of Destination XL Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 25th. Wunderlich began 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 target on the stock.
In other news, Director Willem Mesdag acquired 12,600 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were acquired at an average price of $4.68 per share, for a total transaction of $58,968.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 30.35% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company purchased a new position in Destination XL Group during the third quarter worth $123,000. A.R.T. Advisors LLC purchased a new position in Destination XL Group during the second quarter worth $157,000. Rothschild Asset Management Inc. purchased a new position in Destination XL Group during the second quarter worth $160,000. Alliancebernstein L.P. boosted its position in Destination XL Group by 3.1% in the second quarter. Alliancebernstein L.P. now owns 36,700 shares of the company’s stock worth $168,000 after buying an additional 1,100 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in Destination XL Group by 7.4% in the second quarter. Oppenheimer & Co. Inc. now owns 43,300 shares of the company’s stock worth $198,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 79.48% of the company’s stock.
Shares of Destination XL Group (NASDAQ:DXLG) opened at 4.20 on Wednesday. The stock has a 50 day moving average of $4.35 and a 200 day moving average of $4.72. Destination XL Group has a 52-week low of $3.90 and a 52-week high of $5.88. The stock’s market capitalization is $208.10 million.
Destination XL Group (NASDAQ:DXLG) last released its earnings results on Friday, November 18th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. Destination XL Group had a negative net margin of 1.20% and a negative return on equity of 3.51%. The firm had revenue of $101.90 million for the quarter, compared to the consensus estimate of $103.66 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Destination XL Group will post ($0.03) earnings per share for the current year.
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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