Zacks Downgrades Destination XL Group to Underperform (DXLG)
Destination XL Group (NASDAQ:DXLG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, Stock Ratings Network.com reports. They currently have a $6.10 price objective on the stock. Zacks‘ price objective suggests a potential downside of 9.23% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Lake Street Capital initiated coverage on shares of Destination XL Group (NASDAQ:DXLG) in a research note to investors on Thursday, September 19th. They set a “buy” rating and a $9.00 price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Destination XL Group has a consensus rating of “Hold” and an average price target of $7.55.
Shares of Destination XL Group (NASDAQ:DXLG) traded up 3.86% on Tuesday, hitting $6.72. 169,104 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 has a 50-day moving average of $6.2 and a 200-day moving average of $5.76. The company has a market cap of $326.1 million and a price-to-earnings ratio of 154.05.
Destination XL Group (NASDAQ:DXLG) last announced its earnings results on Friday, August 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that Destination XL Group will post $-0.03 earnings per share 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.
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