Destination XL Group (NASDAQ:DXLG – Get Free Report) issued its earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $119.19 million during the quarter. Destination XL Group had a return on equity of 28.95% and a net margin of 6.94%. During the same period in the prior year, the company posted $0.16 earnings per share.
Destination XL Group Stock Down 3.8 %
DXLG stock opened at $4.51 on Friday. The business’s 50-day moving average price is $4.37 and its 200-day moving average price is $4.58. Destination XL Group has a twelve month low of $3.68 and a twelve month high of $7.57. The stock has a market cap of $272.36 million, a P/E ratio of 7.78 and a beta of 1.55.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Destination XL Group in a report on Thursday, October 5th. They set a “buy” rating for the company.
Insider Buying and Selling
In other Destination XL Group news, General Counsel Robert S. Molloy sold 20,000 shares of Destination XL Group stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,043,375.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Destination XL Group news, General Counsel Robert S. Molloy sold 20,000 shares of the company’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 transaction, the general counsel now owns 240,409 shares of the company’s stock, valued at approximately $1,043,375.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack Boyle bought 13,825 shares of the stock in a transaction on Wednesday, August 30th. The stock was 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 in the company, valued at approximately $2,096,342.25. The disclosure for this purchase can be found here. 10.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Destination XL Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System acquired a new position in shares of Destination XL Group in the second quarter valued at 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 grew its holdings 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 period. 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.
About Destination XL Group
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.
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