Destination XL Group (NASDAQ:DXLG – Get Free Report) posted its earnings results on Friday. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01), MarketWatch Earnings reports. Destination XL Group had a net margin of 6.94% and a return on equity of 28.95%. During the same quarter last year, the business earned $0.16 earnings per share.
Destination XL Group Stock Performance
Destination XL Group stock opened at $4.51 on Friday. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.58. The company has a market capitalization of $272.36 million, a price-to-earnings ratio of 7.78 and a beta of 1.55. Destination XL Group has a 1 year low of $3.68 and a 1 year high of $7.57.
In other news, General Counsel Robert S. Molloy sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $4.34, for a total value of $86,800.00. Following the sale, the general counsel now directly owns 240,409 shares of the company’s stock, valued at approximately $1,043,375.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Destination XL Group news, Director Jack Boyle bought 13,825 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were purchased at an average cost of $4.25 per share, with a total value of $58,756.25. Following the purchase, the director now directly owns 493,257 shares in the company, valued at $2,096,342.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Robert S. Molloy sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $4.34, for a total transaction of $86,800.00. Following the sale, the general counsel now directly owns 240,409 shares in the company, valued at $1,043,375.06. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.
Institutional Investors Weigh In On Destination XL Group
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Destination XL Group in a report on Thursday, October 5th. They issued a “buy” rating on the stock.
Destination XL Group Company Profile
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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