Destination XL Group Inc (DXLG) Issues FY18 Earnings Guidance
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.
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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