Destination XL Group (NASDAQ:DXLG) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Destination XL Group (NASDAQ:DXLG - Get Free Report) released its earnings results on Thursday. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02, RTT News reports. The business had revenue of $105.53 million during the quarter, compared to analysts' expectations of $103.50 million. Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. During the same quarter in the previous year, the company earned $0.06 earnings per share.

Destination XL Group Stock Down 6.8%

Shares of Destination XL Group stock traded down $0.08 during mid-day trading on Monday, hitting $1.05. The stock had a trading volume of 138,834 shares, compared to its average volume of 288,899. The firm has a 50-day moving average of $1.13 and a two-hundred day moving average of $2.00. Destination XL Group has a 12-month low of $0.90 and a 12-month high of $3.93. The firm has a market cap of $56.36 million, a P/E ratio of 7.03 and a beta of 0.98.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their target price on shares of Destination XL Group from $3.00 to $2.50 and set a "buy" rating for the company in a research note on Friday, March 21st.

Institutional Trading of Destination XL Group

A hedge fund recently raised its stake in Destination XL Group stock. Jane Street Group LLC grew its position in Destination XL Group, Inc. (NASDAQ:DXLG - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,044 shares of the company's stock after buying an additional 15,593 shares during the period. Jane Street Group LLC owned 0.12% of Destination XL Group worth $92,000 as of its most recent SEC filing. Institutional investors own 73.49% of the company's stock.

About Destination XL Group

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States. The company's stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.