Destination XL Group Inc (NASDAQ:DXLG) issued an update on its FY18 earnings guidance on Friday morning. The company provided EPS guidance of ($0.14)-($0.06) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.09). The company issued revenue guidance of $470-480 million, compared to the consensus revenue estimate of $471.55 million.

Destination XL Group Inc (NASDAQ:DXLG) opened at 2.00 on Friday. The firm’s market cap is $99.81 million. The stock’s 50 day moving average price is $2.52 and its 200-day moving average price is $3.31. Destination XL Group Inc has a 12-month low of $1.95 and a 12-month high of $5.57.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings data on Friday, May 19th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.03. Destination XL Group had a negative return on equity of 3.54% and a negative net margin of 1.20%. The business had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $109.24 million. The company’s revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that Destination XL Group Inc will post ($0.09) earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Destination XL Group from a hold rating to a sell rating in a research report on Wednesday, February 1st. TheStreet downgraded Destination XL Group from a c- rating to a d+ rating in a research report on Monday, January 23rd.

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Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Destination XL Group by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 134,497 shares of the specialty retailer’s stock worth $383,000 after buying an additional 369 shares during the last quarter. Geode Capital Management LLC increased its stake in Destination XL Group by 3.6% in the first quarter. Geode Capital Management LLC now owns 299,277 shares of the specialty retailer’s stock worth $852,000 after buying an additional 10,470 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Destination XL Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,406,859 shares of the specialty retailer’s stock worth $4,010,000 after buying an additional 23,382 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

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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