Destination XL Group CEO David Levin Sells 20,000 Shares (DXLG)
Destination XL Group (NASDAQ:DXLG) CEO David Levin sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $6.30, for a total value of $126,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,285,915 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Avondale Partners initiated coverage on shares of Destination XL Group (NASDAQ:DXLG) in a research note to investors on Tuesday, July 30th. They set a “market perform” rating on the stock. Analysts at Sidoti initiated coverage on shares of Destination XL Group (NASDAQ:DXLG) in a research note to investors on Wednesday, June 26th. They set a “buy” rating on the stock.
Destination XL Group (NASDAQ:DXLG) traded down 2.36% on Thursday, hitting $6.20. 103,614 shares of the company’s stock traded hands. Destination XL Group has a 52 week low of $3.19 and a 52 week high of $7.06. The stock’s 50-day moving average is $6.2 and its 200-day moving average is $5.58. The company has a market cap of $300.9 million and a price-to-earnings ratio of 151.19.
Destination XL Group (NASDAQ:DXLG) last released its earnings data on Friday, August 23rd. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.04. The company had revenue of $97.60 million for the quarter, compared to the consensus estimate of $103.60 million. Destination XL Group’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that Destination XL Group will post $-0.02 EPS for the current fiscal year.
Destination XL Group, Inc, formerly Casual Male Retail Group, Inc, is a specialty retailer of big and tall men’s apparel with retail operations in the United States and London, England and direct businesses throughout the United States, Canada and Europe.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.