Destination XL Group (NASDAQ:DXLG - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02, RTT News reports. The company had revenue of $105.53 million during the quarter, compared to analysts' expectations of $103.50 million. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. During the same period in the previous year, the business earned $0.06 earnings per share.
Destination XL Group Stock Performance
Destination XL Group stock traded down $0.15 during midday trading on Friday, hitting $1.16. 134,641 shares of the company's stock were exchanged, compared to its average volume of 289,354. Destination XL Group has a 52-week low of $0.90 and a 52-week high of $3.93. The stock has a 50-day moving average price of $1.13 and a two-hundred day moving average price of $2.01. The company has a market cap of $61.82 million, a P/E ratio of 7.70 and a beta of 0.98.
Hedge Funds Weigh In On Destination XL Group
An institutional investor recently raised its position in Destination XL Group stock. Jane Street Group LLC grew its position in shares of Destination XL Group, Inc. (NASDAQ:DXLG - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,044 shares of the company's stock after purchasing an additional 15,593 shares during the period. Jane Street Group LLC owned about 0.12% of Destination XL Group worth $92,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 73.49% of the company's stock.
Analysts Set New Price Targets
Separately, DA Davidson reduced their price target on Destination XL Group from $3.00 to $2.50 and set a "buy" rating for the company in a research report on Friday, March 21st.
Check Out Our Latest Stock Analysis on DXLG
Destination XL Group Company Profile
(
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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.
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