Destination XL Group (DXLG) Upgraded at ValuEngine

ValuEngine upgraded shares of Destination XL Group (NASDAQ:DXLG) from a strong sell rating to a sell rating in a report published on Monday morning.

Other equities analysts have also issued research reports about the company. B. Riley reissued a buy rating on shares of Destination XL Group in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Destination XL Group from a strong sell rating to a hold rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $3.00.

Destination XL Group (NASDAQ:DXLG) traded down $0.05 during trading on Monday, hitting $2.15. The company had a trading volume of 40,400 shares, compared to its average volume of 240,351. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.17. Destination XL Group has a 12-month low of $1.46 and a 12-month high of $4.45.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings data on Friday, November 17th. The specialty retailer reported ($0.07) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.07). Destination XL Group had a negative return on equity of 10.24% and a negative net margin of 3.01%. The business had revenue of $103.70 million during the quarter, compared to analysts’ expectations of $109.00 million. During the same period in the previous year, the business earned ($0.05) earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. equities analysts anticipate that Destination XL Group will post -0.23 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Destination XL Group by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 134,497 shares of the specialty retailer’s stock worth $383,000 after buying an additional 369 shares in the last quarter. Susquehanna International Group LLP increased its position in Destination XL Group by 592.0% during the second quarter. Susquehanna International Group LLP now owns 108,467 shares of the specialty retailer’s stock worth $255,000 after buying an additional 92,793 shares during the last quarter. LMR Partners LLP bought a new stake in Destination XL Group during the second quarter valued at about $363,000. Intrinsic Edge Capital Management LLC bought a new stake in Destination XL Group during the second quarter valued at about $369,000. Finally, Russell Investments Group Ltd. boosted its holdings in Destination XL Group by 72.6% during the second quarter. Russell Investments Group Ltd. now owns 386,862 shares of the specialty retailer’s stock valued at $909,000 after acquiring an additional 162,752 shares during the period. 77.75% of the stock is owned by institutional investors.

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Destination XL Group Company Profile

Destination XL Group, Inc is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. The Company operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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