Destination XL Group (NASDAQ:DXLG) announced its quarterly earnings results on Friday. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.06, Bloomberg Earnings reports. The business had revenue of $107.07 million for the quarter. Destination XL Group had a negative return on equity of 11.69% and a negative net margin of 2.81%. Destination XL Group updated its FY 2018 guidance to $-0.13–0.08 EPS.
Shares of DXLG stock traded up $0.08 during trading hours on Friday, reaching $2.80. The company had a trading volume of 172,068 shares, compared to its average volume of 188,720. Destination XL Group has a 12 month low of $1.45 and a 12 month high of $3.52. The company has a quick ratio of 0.19, a current ratio of 1.17 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $137.71 million, a PE ratio of -10.77 and a beta of 0.44.
In related news, major shareholder Cannell Capital Llc bought 85,400 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were bought at an average price of $2.53 per share, for a total transaction of $216,062.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Prescott Group Capital Managem sold 777,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $3.44, for a total value of $2,674,600.00. The disclosure for this sale can be found here. Insiders bought 104,003 shares of company stock worth $262,890 in the last 90 days. Corporate insiders own 32.01% of the company’s stock.
Several research analysts have issued reports on the company. ValuEngine lowered Destination XL Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Lake Street Capital set a $4.00 price target on Destination XL Group and gave the stock a “buy” rating in a report on Thursday, August 30th.
About Destination XL Group
Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; casual clothing; and lifestyle products comprising chairs, outdoor accessories, travel accessories, bed and bath products, and fitness equipment.
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