Destination XL Group (DXLG) Issues Quarterly Earnings Results

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 hedge funds have recently bought and sold shares of DXLG. ICM Asset Management Inc. WA increased its position in shares of Destination XL Group by 2.6% during the third quarter. ICM Asset Management Inc. WA now owns 1,692,827 shares of the specialty retailer’s stock valued at $4,232,000 after acquiring an additional 42,557 shares during the last quarter. Roumell Asset Management LLC increased its position in shares of Destination XL Group by 15.5% during the second quarter. Roumell Asset Management LLC now owns 938,936 shares of the specialty retailer’s stock valued at $2,113,000 after acquiring an additional 126,306 shares during the last quarter. Virginia National Bank purchased a new stake in shares of Destination XL Group during the third quarter valued at approximately $649,000. Cannell Capital LLC increased its position in shares of Destination XL Group by 28.7% during the second quarter. Cannell Capital LLC now owns 4,690,579 shares of the specialty retailer’s stock valued at $10,554,000 after acquiring an additional 1,047,192 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. increased its position in shares of Destination XL Group by 26.2% during the second quarter. Prescott Group Capital Management L.L.C. now owns 6,013,025 shares of the specialty retailer’s stock valued at $13,529,000 after acquiring an additional 1,250,000 shares during the last quarter. Institutional investors own 77.60% 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.

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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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Earnings History for Destination XL Group (NASDAQ:DXLG)

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