Destination XL Group, Inc. (DXLG) Stock Rating Lowered by Zacks Investment Research
Destination XL Group, Inc. (NASDAQ:DXLG) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Monday.
According to Zacks, “Destination XL Group, Inc. is a multi-channel specialty retailer of big & tall men’s apparel with operations throughout the United States, Canada and Europe. It operates under six brands: Destination XL(R), Casual Male XL, Rochester Clothing, B&T Factory Direct, ShoesXL and LivingXL. Its stores offer sportswear, dress clothing, footwear, suits, loungewear, neckwear, and accessories, basic items and lifestyle products. The Company also has electronic commerce and catalog operations. Destination XL Group, Inc., formerly known as Casual Male Retail Group Inc., is headquartered in Canton, Massachusetts. “
Separately, FBR & Co reiterated an “outperform” rating and set a $3.00 price objective on shares of Destination XL Group in a research report on Tuesday, July 11th.
Shares of Destination XL Group (DXLG) traded up 2.56% during midday trading on Monday, reaching $2.00. 92,191 shares of the company’s stock traded hands. The company’s market capitalization is $97.06 million. Destination XL Group has a one year low of $1.46 and a one year high of $5.00. The company has a 50-day moving average of $1.85 and a 200-day moving average of $2.26.
Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). Destination XL Group had a negative net margin of 2.75% and a negative return on equity of 8.87%. The firm had revenue of $121.13 million for the quarter, compared to the consensus estimate of $123.57 million. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts anticipate that Destination XL Group will post ($0.19) EPS for the current year.
In other news, Director Seymour Holtzman acquired 25,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were acquired at an average price of $2.05 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now directly owns 4,196,064 shares of the company’s stock, valued at approximately $8,601,931.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 31.46% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DXLG. Teachers Advisors LLC increased its position in Destination XL Group by 10.6% during the fourth quarter. Teachers Advisors LLC now owns 62,242 shares of the specialty retailer’s stock valued at $265,000 after acquiring an additional 5,953 shares during the last quarter. Bank of New York Mellon Corp increased its position in Destination XL Group by 0.3% during the first quarter. Bank of New York Mellon Corp now owns 134,497 shares of the specialty retailer’s stock valued at $383,000 after acquiring an additional 369 shares during the last quarter. Royce & Associates LP bought a new position in Destination XL Group during the first quarter valued at $143,000. Rutabaga Capital Management LLC MA increased its position in Destination XL Group by 1.9% during the first quarter. Rutabaga Capital Management LLC MA now owns 1,714,154 shares of the specialty retailer’s stock valued at $4,885,000 after acquiring an additional 32,215 shares during the last quarter. Finally, Coliseum Capital Management LLC bought a new position in Destination XL Group during the first quarter valued at $618,000. Institutional investors and hedge funds own 76.72% of the company’s stock.
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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