Destination XL Group, Inc. (NASDAQ:DXLG) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Monday.

According to Zacks, “Destination XL Group, Inc. is a multi-channel specialty retailer of big & tall men’s apparel with operations throughout the United States, Canada and Europe. It operates under six brands: Destination XL(R), Casual Male XL, Rochester Clothing, B&T Factory Direct, ShoesXL and LivingXL. Its stores offer sportswear, dress clothing, footwear, suits, loungewear, neckwear, and accessories, basic items and lifestyle products. The Company also has electronic commerce and catalog operations. Destination XL Group, Inc., formerly known as Casual Male Retail Group Inc., is headquartered in Canton, Massachusetts. “

Separately, FBR & Co reiterated an “outperform” rating and issued a $3.00 price objective on shares of Destination XL Group in a research report on Tuesday, July 11th.

Shares of Destination XL Group (NASDAQ DXLG) opened at 1.975 on Monday. Destination XL Group has a 52-week low of $1.46 and a 52-week high of $5.00. The stock has a 50 day moving average of $1.85 and a 200-day moving average of $2.26. The stock’s market capitalization is $95.84 million.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). Destination XL Group had a negative net margin of 2.75% and a negative return on equity of 8.87%. The business had revenue of $121.13 million during the quarter, compared to analyst estimates of $123.57 million. The company’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Destination XL Group will post ($0.19) EPS for the current fiscal year.

WARNING: “Zacks Investment Research Downgrades Destination XL Group, Inc. (DXLG) to Strong Sell” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/27/zacks-investment-research-downgrades-destination-xl-group-inc-dxlg-to-strong-sell.html.

In other Destination XL Group news, Director Seymour Holtzman acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was acquired at an average cost of $2.05 per share, for a total transaction of $51,250.00. Following the transaction, the director now owns 4,196,064 shares of the company’s stock, valued at $8,601,931.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.46% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. grew its position in shares of Destination XL Group by 7.3% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 3,725,969 shares of the specialty retailer’s stock valued at $8,756,000 after purchasing an additional 254,371 shares during the period. Rutabaga Capital Management LLC MA grew its position in shares of Destination XL Group by 1.9% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 1,714,154 shares of the specialty retailer’s stock valued at $4,885,000 after purchasing an additional 32,215 shares during the period. ICM Asset Management Inc. WA grew its position in shares of Destination XL Group by 4.6% in the 2nd quarter. ICM Asset Management Inc. WA now owns 573,026 shares of the specialty retailer’s stock valued at $1,347,000 after purchasing an additional 25,420 shares during the period. Boston Partners grew its position in shares of Destination XL Group by 55.0% in the 2nd quarter. Boston Partners now owns 520,445 shares of the specialty retailer’s stock valued at $1,224,000 after purchasing an additional 184,600 shares during the period. Finally, White Pine Capital LLC grew its position in shares of Destination XL Group by 58.0% in the 2nd quarter. White Pine Capital LLC now owns 481,119 shares of the specialty retailer’s stock valued at $1,131,000 after purchasing an additional 176,600 shares during the period. Institutional investors and hedge funds own 76.72% of the company’s stock.

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.

Receive News & Stock Ratings for Destination XL Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Destination XL Group Inc. and related stocks with our FREE daily email newsletter.