Shares of Destination XL Group, Inc. (NASDAQ:DXLG - Get Free Report) fell 4.1% on Tuesday . The stock traded as low as $1.17 and last traded at $1.17. 159,146 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 315,011 shares. The stock had previously closed at $1.22.
Wall Street Analysts Forecast Growth
Separately, DA Davidson decreased their price objective on Destination XL Group from $3.00 to $2.50 and set a "buy" rating on the stock in a report on Friday, March 21st.
Read Our Latest Stock Analysis on DXLG
Destination XL Group Trading Up 2.6%
The company has a fifty day moving average price of $1.10 and a 200-day moving average price of $1.72.
Destination XL Group (NASDAQ:DXLG - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $105.53 million for the quarter, compared to analysts' expectations of $103.50 million. Destination XL Group had a negative return on equity of 0.26% and a negative net margin of 0.59%. During the same period in the prior year, the firm earned $0.06 EPS. As a group, equities research analysts predict that Destination XL Group, Inc. will post 0.08 earnings per share for the current fiscal year.
Institutional Trading of Destination XL Group
Several hedge funds and other institutional investors have recently bought and sold shares of DXLG. Nuveen LLC purchased a new stake in Destination XL Group during the 1st quarter valued at $271,000. Pacific Ridge Capital Partners LLC raised its holdings in Destination XL Group by 8.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,217,985 shares of the company's stock valued at $1,778,000 after buying an additional 90,215 shares during the period. American Century Companies Inc. grew its position in Destination XL Group by 6.0% in the 4th quarter. American Century Companies Inc. now owns 1,508,579 shares of the company's stock valued at $4,058,000 after acquiring an additional 86,043 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Destination XL Group by 100.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 155,875 shares of the company's stock valued at $419,000 after acquiring an additional 78,015 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Destination XL Group by 19.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 438,340 shares of the company's stock valued at $1,179,000 after acquiring an additional 69,952 shares during the last quarter. Hedge funds and other institutional investors own 73.49% of the company's stock.
Destination XL Group Company Profile
(
Get Free Report)
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.
Further Reading
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