Destination XL Group, Inc. (NASDAQ:DXLG) Hits New 12-Month Low at $1.80

Destination XL Group, Inc. (NASDAQ:DXLG) shares hit a new 52-week low on Monday . The company traded as low as $1.80 and last traded at $1.85, with a volume of 93,893 shares trading hands. The stock had previously closed at $1.90.

DXLG has been the topic of a number of research reports. Zacks Investment Research upgraded Destination XL Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. FBR & Co restated an “outperform” rating and issued a $3.00 price objective on shares of Destination XL Group in a report on Tuesday, July 11th.

The firm’s 50-day moving average price is $1.93 and its 200 day moving average price is $2.46. The stock’s market cap is $76.36 million.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings data on Friday, May 19th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Destination XL Group had a negative net margin of 1.90% and a negative return on equity of 5.81%. The company had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $109.24 million. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that Destination XL Group, Inc. will post ($0.11) earnings per share for the current fiscal year.

In related news, Director Seymour Holtzman acquired 25,000 shares of Destination XL Group stock in a transaction dated Monday, July 10th. The shares were acquired at an average cost of $2.05 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now directly owns 4,196,064 shares of the company’s stock, valued at $8,601,931.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 31.46% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC increased its stake in shares of Destination XL Group by 10.6% in the fourth quarter. Teachers Advisors LLC now owns 62,242 shares of the specialty retailer’s stock valued at $265,000 after buying an additional 5,953 shares in the last quarter. ICM Asset Management Inc. WA increased its stake in shares of Destination XL Group by 97.2% in the first quarter. ICM Asset Management Inc. WA now owns 547,606 shares of the specialty retailer’s stock valued at $1,561,000 after buying an additional 269,896 shares in the last quarter. VNBTrust National Association bought a new stake in shares of Destination XL Group during the second quarter valued at about $657,000. Coliseum Capital Management LLC bought a new stake in shares of Destination XL Group during the first quarter valued at about $618,000. Finally, Royce & Associates LP bought a new stake in shares of Destination XL Group during the first quarter valued at about $143,000. Institutional investors and hedge funds own 80.14% of the company’s stock.

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About Destination XL Group

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.

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