Destination XL Group (NASDAQ:DXLG) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Destination XL Group (NASDAQ:DXLG) issued its earnings results on Friday. The specialty retailer reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07), MarketWatch Earnings reports. The company had revenue of $106.58 million during the quarter. Destination XL Group had a negative return on equity of 5.40% and a negative net margin of 2.59%.

DXLG stock traded down $0.01 during mid-day trading on Friday, reaching $1.46. The company had a trading volume of 25,000 shares, compared to its average volume of 54,010. Destination XL Group has a 12 month low of $1.25 and a 12 month high of $2.95. The firm has a 50 day moving average of $1.49 and a 200 day moving average of $1.67. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.91 and a quick ratio of 0.15.

Separately, ValuEngine upgraded shares of Destination XL Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

In related news, Director Seymour Holtzman purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of $1.61 per share, with a total value of $40,250.00. Following the completion of the acquisition, the director now owns 4,332,846 shares in the company, valued at approximately $6,975,882.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mitchell Presser purchased 103,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was bought at an average cost of $13.56 per share, with a total value of $1,396,680.00. Insiders have purchased 216,042 shares of company stock valued at $1,558,898 in the last three months. 29.10% of the stock is currently owned by corporate insiders.

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; and casual clothing.

Further Reading: Convertible Shares

Earnings History for Destination XL Group (NASDAQ:DXLG)

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