Destination XL Group, Inc. (NASDAQ:DXLG) Rating Reiterated by FBR & Co
FBR & Co reaffirmed their outperform rating on shares of Destination XL Group, Inc. (NASDAQ:DXLG) in a report published on Tuesday, MarketBeat reports. FBR & Co currently has a $3.00 price target on the specialty retailer’s stock.
Separately, Zacks Investment Research cut Destination XL Group from a hold rating to a strong sell rating in a report on Thursday, May 25th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Destination XL Group has a consensus rating of Buy and a consensus price target of $4.75.
Shares of Destination XL Group (NASDAQ DXLG) opened at 2.00 on Tuesday. The company has a 50-day moving average price of $2.36 and a 200-day moving average price of $2.91. The company’s market capitalization is $98.53 million. Destination XL Group has a 12 month low of $1.85 and a 12 month high of $5.57.
Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Friday, May 19th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The company had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $109.24 million. Destination XL Group had a negative net margin of 1.90% and a negative return on equity of 5.81%. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts forecast that Destination XL Group will post ($0.11) EPS for the current fiscal year.
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In other Destination XL Group news, Director Seymour Holtzman purchased 25,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were acquired at an average price of $2.05 per share, with a total value of $51,250.00. Following the purchase, the director now directly owns 4,196,064 shares in the company, valued at approximately $8,601,931.20. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 31.46% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Greenwood Investments Inc. raised its position in shares of Destination XL Group by 4.1% in the fourth quarter. Greenwood Investments Inc. now owns 1,276,439 shares of the specialty retailer’s stock valued at $5,425,000 after buying an additional 50,000 shares during the period. ICM Asset Management Inc. WA raised its position in shares of Destination XL Group by 13.4% in the fourth quarter. ICM Asset Management Inc. WA now owns 277,710 shares of the specialty retailer’s stock valued at $1,180,000 after buying an additional 32,790 shares during the period. Teachers Advisors LLC raised its position in shares of Destination XL Group by 10.6% in the fourth quarter. Teachers Advisors LLC now owns 62,242 shares of the specialty retailer’s stock valued at $265,000 after buying an additional 5,953 shares during the period. Coliseum Capital Management LLC acquired a new position in shares of Destination XL Group during the first quarter valued at approximately $618,000. Finally, VNBTrust National Association acquired a new position in shares of Destination XL Group during the second quarter valued at approximately $657,000. 78.76% of the stock is currently owned by institutional investors and hedge funds.
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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