Ascendiant Capital Markets Initiates Coverage on Destination XL Group (DXLG)
Ascendiant Capital Markets initiated coverage on shares of Destination XL Group (NASDAQ:DXLG) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Destination XL Group (NASDAQ:DXLG) opened at 5.19 on Tuesday. Destination XL Group has a 52-week low of $4.55 and a 52-week high of $7.30. The stock’s 50-day moving average is $5.61 and its 200-day moving average is $6.09. The company’s market cap is $252.1 million.
Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Friday, March 14th. The company reported ($1.14) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $1.12. The company had revenue of $108.50 million for the quarter, compared to the consensus estimate of $108.39 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts predict that Destination XL Group will post $-0.14 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on DXLG. Analysts at TheStreet downgraded shares of Destination XL Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Analysts at Canaccord Genuity initiated coverage on shares of Destination XL Group in a research note on Tuesday, March 11th. They set a “buy” rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $8.07.
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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