Destination XL Group Hits New 1-Year Low Following Weak Earnings (DXLG)
Destination XL Group (NASDAQ:DXLG) hit a new 52-week low during mid-day trading on Thursday following a weaker than expected earnings announcement, AnalystRatings.NET reports. The stock traded as low as $4.84 and last traded at $5.10, with a volume of 165,620 shares changing hands. The stock had previously closed at $5.30.
The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.01. The company had revenue of $103.70 million for the quarter, compared to the consensus estimate of $104.43 million. During the same quarter last year, the company posted ($0.03) earnings per share. Destination XL Group’s revenue was up 5.8% compared to the same quarter last year.
The stock has a 50-day moving average of $5.27 and a 200-day moving average of $5.38. The company’s market cap is $248.5 million.
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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