Destination XL Group, Inc. (DXLG) Upgraded at Zacks Investment Research
Destination XL Group, Inc. (NASDAQ:DXLG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.
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 reaffirmed an “outperform” rating and set a $3.00 target price on shares of Destination XL Group in a report on Tuesday, July 11th.
Destination XL Group (NASDAQ:DXLG) traded down 1.282% during midday trading on Tuesday, hitting $1.925. 131,379 shares of the company traded hands. Destination XL Group has a 12-month low of $1.46 and a 12-month high of $5.00. The stock’s market cap is $93.42 million. The stock has a 50 day moving average of $1.97 and a 200 day moving average of $2.13.
Destination XL Group (NASDAQ:DXLG) last released its earnings results on Thursday, August 24th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $121.13 million for the quarter, compared to analyst estimates of $123.57 million. Destination XL Group had a negative return on equity of 8.87% and a negative net margin of 2.75%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Destination XL Group will post ($0.19) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in shares of Destination XL Group by 72.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 386,862 shares of the specialty retailer’s stock valued at $909,000 after purchasing an additional 162,752 shares during the period. Boston Partners boosted its position in shares of Destination XL Group by 55.0% in the 2nd quarter. Boston Partners now owns 520,445 shares of the specialty retailer’s stock valued at $1,224,000 after purchasing an additional 184,600 shares during the period. VNBTrust National Association acquired a new position in shares of Destination XL Group in the 2nd quarter valued at $657,000. White Pine Capital LLC boosted its position in shares of Destination XL Group by 58.0% in the 2nd quarter. White Pine Capital LLC now owns 481,119 shares of the specialty retailer’s stock valued at $1,131,000 after purchasing an additional 176,600 shares during the period. Finally, Royce & Associates LP acquired a new position in shares of Destination XL Group in the 1st quarter valued at $143,000. Institutional investors and hedge funds own 76.80% of the company’s stock.
Destination XL Group Company Profile
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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