Destination XL Group (NASDAQ:DXLG) Getting Somewhat Favorable News Coverage, Study Finds
News headlines about Destination XL Group (NASDAQ:DXLG) have trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Destination XL Group earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 45.6019187420458 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Destination XL Group, Inc. to Announce Second Quarter 2017 Financial Results on August 24, 2017 (feeds.benzinga.com)
- Tailored Brands (TLRD) versus Destination XL Group (NASDAQ:DXLG) Critical Analysis (americanbankingnews.com)
- Head-To-Head Analysis: Tailored Brands (TLRD) and Destination XL Group (DXLG) (americanbankingnews.com)
- Financial Analysis: Destination XL Group (NASDAQ:DXLG) vs. Tailored Brands (TLRD) (americanbankingnews.com)
Destination XL Group (DXLG) opened at 1.90 on Tuesday. The company has a 50-day moving average of $2.20 and a 200 day moving average of $2.58. Destination XL Group has a one year low of $1.70 and a one year high of $5.57. The firm’s market capitalization is $93.60 million.
Destination XL Group (NASDAQ:DXLG) last posted its earnings results on Friday, May 19th. The specialty retailer reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.02. Destination XL Group had a negative return on equity of 5.81% and a negative net margin of 1.90%. The business had revenue of $107.70 million for the quarter, compared to analyst estimates of $109.24 million. The company’s revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Destination XL Group will post ($0.11) EPS for the current year.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Destination XL Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. FBR & Co restated an “outperform” rating and issued a $3.00 price objective on shares of Destination XL Group in a report on Tuesday, July 11th.
In other Destination XL Group news, Director Seymour Holtzman bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were acquired at an average cost of $2.05 per share, for a total transaction of $51,250.00. Following the transaction, the director now directly owns 4,196,064 shares in the company, valued at $8,601,931.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 31.46% of the stock is owned by company insiders.
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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