Destination XL Group, Inc. (DXLG) Updates FY18 Earnings Guidance
Destination XL Group, Inc. (NASDAQ:DXLG) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of ($0.21-0.14) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $470-480 million, compared to the consensus revenue estimate of $471.38 million.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Destination XL Group from a hold rating to a strong sell rating in a report on Thursday, May 25th. FBR & Co restated an outperform rating and set a $3.00 price target on shares of Destination XL Group in a report on Tuesday, July 11th.
Destination XL Group, Inc. (NASDAQ:DXLG) opened at 1.70 on Friday. Destination XL Group, Inc. has a one year low of $1.46 and a one year high of $5.00. The stock’s market cap is $83.75 million. The company’s 50-day moving average price is $1.86 and its 200-day moving average price is $2.40.
Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.03. The company had revenue of $121.13 million during the quarter, compared to analyst estimates of $123.57 million. Destination XL Group had a negative net margin of 2.75% and a negative return on equity of 8.64%. Destination XL Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts forecast that Destination XL Group, Inc. will post ($0.14) EPS for the current fiscal year.
In other Destination XL Group news, Director Seymour Holtzman bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was acquired at an average price of $2.05 per share, with a total value of $51,250.00. Following the completion of the purchase, the director now directly owns 4,196,064 shares of the company’s stock, valued at approximately $8,601,931.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 31.46% of the company’s stock.
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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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