Destination XL Group (NASDAQ:DXLG) Stock Price Passes Below 200 Day Moving Average of $1.62

Destination XL Group Inc (NASDAQ:DXLG)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.62 and traded as low as $1.30. Destination XL Group shares last traded at $1.31, with a volume of 855 shares changing hands.

Separately, ValuEngine raised Destination XL Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

The business has a 50 day moving average of $1.41 and a 200 day moving average of $1.61. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.13 and a current ratio of 0.90.

Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings data on Friday, November 22nd. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07). The firm had revenue of $106.58 million during the quarter. Destination XL Group had a negative return on equity of 10.75% and a negative net margin of 3.68%.

In other Destination XL Group news, COO Brian Reaves acquired 21,735 shares of the stock in a transaction on Thursday, September 19th. The stock was acquired at an average price of $1.35 per share, for a total transaction of $29,342.25. Following the completion of the transaction, the chief operating officer now directly owns 136,469 shares of the company’s stock, valued at $184,233.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Harvey S. Kanter acquired 20,000 shares of the stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of $1.39 per share, with a total value of $27,800.00. Following the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $41,700. The disclosure for this purchase can be found here. Insiders purchased 246,042 shares of company stock worth $1,597,998 in the last 90 days. 29.10% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Destination XL Group stock. BlackRock Inc. increased its stake in shares of Destination XL Group Inc (NASDAQ:DXLG) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,005,909 shares of the specialty retailer’s stock after purchasing an additional 16,461 shares during the quarter. BlackRock Inc. owned 2.02% of Destination XL Group worth $1,771,000 at the end of the most recent quarter. Institutional investors own 62.55% of the company’s stock.

Destination XL Group Company Profile (NASDAQ:DXLG)

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; and casual clothing.

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