Destination XL Group Inc (NASDAQ:DXLG) CEO Acquires $22,600.00 in Stock
Destination XL Group Inc (NASDAQ:DXLG) CEO Harvey S. Kanter bought 20,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $1.13 per share, with a total value of $22,600.00. Following the purchase, the chief executive officer now owns 60,000 shares of the company’s stock, valued at approximately $67,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
DXLG stock opened at $1.15 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.13 and a debt-to-equity ratio of 3.65. Destination XL Group Inc has a 1 year low of $1.02 and a 1 year high of $2.80. The stock has a 50-day simple moving average of $1.25 and a 200-day simple moving average of $1.53.
Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings data on Friday, November 22nd. The specialty retailer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). Destination XL Group had a negative net margin of 3.68% and a negative return on equity of 10.75%. The business had revenue of $106.58 million for the quarter.
A hedge fund recently raised its stake in Destination XL Group stock. BlackRock Inc. grew its position in shares of Destination XL Group Inc (NASDAQ:DXLG) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,005,909 shares of the specialty retailer’s stock after buying an additional 16,461 shares during the period. BlackRock Inc. owned about 2.02% of Destination XL Group worth $1,771,000 as of its most recent SEC filing. 62.55% of the stock is currently owned by institutional investors and hedge funds.
About Destination XL Group
Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.
Further Reading: The limitations of an equal weight rating
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