Destination XL Group (NASDAQ:DXLG) Shares Cross Below 200 Day Moving Average of $1.51

Destination XL Group Inc (NASDAQ:DXLG)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.51 and traded as low as $1.26. Destination XL Group shares last traded at $1.26, with a volume of 447 shares traded.

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

The company has a market cap of $64.95 million, a P/E ratio of -3.60 and a beta of 0.77. The company has a 50 day moving average of $1.25 and a 200-day moving average of $1.51. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.90 and a quick ratio of 0.13.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings data on Friday, November 22nd. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). The business had revenue of $106.58 million for the quarter. Destination XL Group had a negative net margin of 3.68% and a negative return on equity of 10.75%.

In other Destination XL Group news, Director Lionel F. Conacher acquired 42,016 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was bought at an average price of $1.19 per share, with a total value of $49,999.04. Following the completion of the purchase, the director now owns 117,446 shares of the company’s stock, valued at $139,760.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Seymour Holtzman acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of $1.32 per share, with a total value of $26,400.00. Following the purchase, the director now directly owns 4,417,424 shares of the company’s stock, valued at approximately $5,830,999.68. The disclosure for this purchase can be found here. Insiders have purchased 107,516 shares of company stock valued at $128,614 in the last three months. 29.10% of the stock is owned by corporate insiders.

A hedge fund recently bought a new stake in Destination XL Group stock. Relyea Zuckerberg Hanson LLC purchased a new position in shares of Destination XL Group Inc (NASDAQ:DXLG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 60,690 shares of the specialty retailer’s stock, valued at approximately $78,000. Relyea Zuckerberg Hanson LLC owned about 0.12% of Destination XL Group as of its most recent SEC filing. 62.67% of the stock is currently owned by hedge funds and other institutional investors.

About Destination XL Group (NASDAQ:DXLG)

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.

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