Destination XL Group (DXLG) Releases Earnings Results, Beats Expectations By $0.06 EPS

Destination XL Group (NASDAQ:DXLG) issued its quarterly earnings data on Friday. The specialty retailer reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06, Bloomberg Earnings reports. Destination XL Group had a negative return on equity of 11.69% and a negative net margin of 2.81%. The business had revenue of $107.07 million during the quarter. Destination XL Group updated its FY 2018 guidance to $-0.13–0.08 EPS.

Shares of NASDAQ DXLG opened at $2.80 on Friday. Destination XL Group has a twelve month low of $1.45 and a twelve 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.

A number of equities research analysts have recently weighed in on DXLG shares. Lake Street Capital set a $4.00 price objective on Destination XL Group and gave the company a “buy” rating in a research note on Thursday, August 30th. ValuEngine cut Destination XL Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th.

In related news, major shareholder Prescott Group Capital Managem sold 777,500 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $3.44, for a total transaction of $2,674,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Cannell Capital Llc bought 85,400 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were bought at an average cost of $2.53 per share, with a total value of $216,062.00. The disclosure for this purchase can be found here. Insiders bought 104,003 shares of company stock valued at $262,890 over the last ninety days. Insiders own 32.01% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virginia National Bank acquired a new position in Destination XL Group during the 3rd quarter worth $649,000. ICM Asset Management Inc. WA grew its stake in Destination XL Group by 2.6% during the 3rd quarter. ICM Asset Management Inc. WA now owns 1,692,827 shares of the specialty retailer’s stock worth $4,232,000 after purchasing an additional 42,557 shares in the last quarter. Cannell Capital LLC grew its stake in Destination XL Group by 28.7% during the 2nd quarter. Cannell Capital LLC now owns 4,690,579 shares of the specialty retailer’s stock worth $10,554,000 after purchasing an additional 1,047,192 shares in the last quarter. Roumell Asset Management LLC grew its stake in Destination XL Group by 15.5% during the 2nd quarter. Roumell Asset Management LLC now owns 938,936 shares of the specialty retailer’s stock worth $2,113,000 after purchasing an additional 126,306 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. grew its stake in Destination XL Group by 26.2% during the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 6,013,025 shares of the specialty retailer’s stock worth $13,529,000 after purchasing an additional 1,250,000 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

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Destination XL Group Company Profile

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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