Media headlines about Destination XL Group (NASDAQ:DXLG) have been trending somewhat positive this week, according to Alpha One. The research group, a service of Accern, scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Destination XL Group earned a news sentiment score of 0.11 on Alpha One’s scale. Alpha One also gave headlines about the specialty retailer an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected AlphaOne Sentiment’s rankings:
- DXL Men’s Apparel Asks you to Meet them in St. Louis (abc-7.com)
- Destination XL : Partners with flexReceipts to Provide a Flawless Omnichannel Experience (4-traders.com)
- 13D Filing: Red Mountain Capital and Destination Xl Group Inc. (DXLG) (insidermonkey.com)
- Ascena Retail Group (ASNA) versus Destination XL Group (DXLG) Head-To-Head Contrast (americanbankingnews.com)
Destination XL Group (NASDAQ DXLG) remained flat at $2.50 during trading on Friday. The company had a trading volume of 376,568 shares. Destination XL Group has a 52-week low of $1.95 and a 52-week high of $5.57. The company has a 50-day moving average of $2.32 and a 200 day moving average of $3.02. The company’s market cap is $123.16 million.
Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Friday, May 19th. The specialty retailer reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The company had revenue of $107.70 million for the quarter, compared to analyst estimates of $109.24 million. Destination XL Group had a negative return on equity of 5.81% and a negative net margin of 1.90%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts forecast that Destination XL Group will post ($0.11) earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded Destination XL Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 25th.
Destination XL Group Company Profile
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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