Destination XL Group (NASDAQ:DXLG) Releases Earnings Results, Misses Estimates By $0.01 EPS

Destination XL Group (NASDAQ:DXLG) released its earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01), MarketWatch Earnings reports. The company had revenue of $119.19 million during the quarter. Destination XL Group had a net margin of 6.94% and a return on equity of 28.95%. During the same quarter in the prior year, the firm posted $0.16 earnings per share.

Destination XL Group Price Performance

Shares of DXLG stock opened at $4.51 on Friday. The business’s fifty day moving average price is $4.37 and its 200 day moving average price is $4.58. Destination XL Group has a 1-year low of $3.68 and a 1-year high of $7.57. The firm has a market capitalization of $272.36 million, a PE ratio of 7.78 and a beta of 1.55.

Insider Buying and Selling

In other Destination XL Group news, Director Jack Boyle acquired 13,825 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were purchased at an average price of $4.25 per share, with a total value of $58,756.25. Following the completion of the acquisition, the director now directly owns 493,257 shares of the company’s stock, valued at approximately $2,096,342.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Destination XL Group news, Director Jack Boyle acquired 13,825 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were purchased at an average price of $4.25 per share, with a total value of $58,756.25. Following the completion of the acquisition, the director now directly owns 493,257 shares of the company’s stock, valued at approximately $2,096,342.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Robert S. Molloy sold 20,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $4.34, for a total value of $86,800.00. Following the sale, the general counsel now owns 240,409 shares in the company, valued at $1,043,375.06. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Destination XL Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System purchased a new position in Destination XL Group during the second quarter worth about $81,000. Principal Financial Group Inc. acquired a new stake in Destination XL Group during the second quarter worth about $79,000. Prudential Financial Inc. acquired a new stake in Destination XL Group during the second quarter worth about $77,000. Quantbot Technologies LP increased its stake in Destination XL Group by 1,535.5% during the first quarter. Quantbot Technologies LP now owns 14,311 shares of the company’s stock worth $69,000 after acquiring an additional 13,436 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Destination XL Group during the fourth quarter worth about $68,000. 76.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Destination XL Group in a report on Thursday, October 5th. They issued a “buy” rating on the stock.

Destination XL Group Company Profile

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 and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.