Destination XL Group Inc (DXLG) Issues Quarterly Earnings Results
Destination XL Group Inc (NASDAQ:DXLG) announced its quarterly earnings data on Monday. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Destination XL Group had a negative net margin of 1.20% and a negative return on equity of 3.54%. The company had revenue of $122.60 million for the quarter, compared to the consensus estimate of $126.81 million. During the same period in the prior year, the firm posted ($0.02) EPS. Destination XL Group’s revenue for the quarter was down 1.1% on a year-over-year basis.
Shares of Destination XL Group (NASDAQ:DXLG) traded down 2.08% during mid-day trading on Monday, reaching $2.35. 250,297 shares of the company traded hands. The firm has a 50 day moving average of $3.00 and a 200-day moving average of $3.91. The stock’s market capitalization is $116.46 million. Destination XL Group has a 52 week low of $2.10 and a 52 week high of $5.88.
In related news, Director Willem Mesdag bought 50,788 shares of the stock in a transaction dated Thursday, January 12th. The stock was purchased at an average cost of $3.58 per share, with a total value of $181,821.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 30.35% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its stake in Destination XL Group by 31.3% in the third quarter. California Public Employees Retirement System now owns 82,300 shares of the company’s stock valued at $356,000 after buying an additional 19,600 shares during the last quarter. Krasney Financial LLC increased its stake in Destination XL Group by 110.2% in the third quarter. Krasney Financial LLC now owns 119,946 shares of the company’s stock valued at $519,000 after buying an additional 62,896 shares during the last quarter. Wells Fargo & Company MN increased its stake in Destination XL Group by 14.6% in the third quarter. Wells Fargo & Company MN now owns 163,556 shares of the company’s stock valued at $708,000 after buying an additional 20,837 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Destination XL Group during the fourth quarter valued at $1,007,000. Finally, ICM Asset Management Inc. WA purchased a new stake in Destination XL Group during the third quarter valued at $1,061,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.
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DXLG has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Destination XL Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 24th. TheStreet downgraded shares of Destination XL Group from a “c-” rating to a “d+” rating in a research report on Monday, January 23rd.
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.
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