Destination XL Group (NASDAQ:DXLG – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09, FiscalAI reports. The business had revenue of $111.56 million during the quarter, compared to the consensus estimate of $109.29 million. Destination XL Group had a negative return on equity of 10.88% and a negative net margin of 9.22%.
Destination XL Group Stock Down 5.4%
Shares of DXLG opened at $0.63 on Wednesday. Destination XL Group has a fifty-two week low of $0.43 and a fifty-two week high of $1.58. The company’s fifty day moving average is $0.62 and its two-hundred day moving average is $0.62. The firm has a market cap of $34.82 million, a PE ratio of -0.86 and a beta of 1.28.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in Destination XL Group by 24.4% during the second quarter. Bank of America Corp DE now owns 42,894 shares of the company’s stock valued at $48,000 after acquiring an additional 8,404 shares during the period. Jane Street Group LLC increased its stake in Destination XL Group by 32.9% during the first quarter. Jane Street Group LLC now owns 63,044 shares of the company’s stock worth $92,000 after acquiring an additional 15,593 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Destination XL Group by 7.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 413,038 shares of the company’s stock worth $458,000 after purchasing an additional 27,651 shares during the period. Two Sigma Investments LP lifted its stake in shares of Destination XL Group by 64.8% in the 3rd quarter. Two Sigma Investments LP now owns 136,703 shares of the company’s stock valued at $179,000 after purchasing an additional 53,773 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Destination XL Group in the 2nd quarter valued at about $72,000. 73.49% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Destination XL Group
Destination XL Group Company Profile
Destination XL Group, Inc (NASDAQ: DXLG) is a specialty retailer focused on big and tall men’s apparel and accessories. Operating under its flagship DXL and Casual Male XL banners, the company offers an assortment of men’s clothing in larger sizes, including suits, dress shirts, casual wear, outerwear, activewear and underwear. In addition to its brick-and-mortar stores, Destination XL maintains a significant omnichannel presence through its e-commerce platform and direct mail catalog, enabling customers to shop for extended-size apparel across North America.
Founded in 1976 and headquartered in Canton, Massachusetts, the company began its operations as Casual Male XL and over time evolved its retail concept to the Destination XL format, which emphasizes an elevated, destination-style shopping experience.
Read More
- Five stocks we like better than Destination XL Group
- PayPal’s Takeover Story Ended, But Its Turnaround Story Didn’t
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
Receive News & Ratings for Destination XL Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Destination XL Group and related companies with MarketBeat.com's FREE daily email newsletter.
