Destination XL Group (NASDAQ:DXLG) Announces Quarterly Earnings Results

Destination XL Group (NASDAQ:DXLG) issued its quarterly earnings data on Friday. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01), MarketWatch Earnings reports. Destination XL Group had a return on equity of 28.95% and a net margin of 6.94%. The company had revenue of $119.19 million during the quarter. During the same period in the previous year, the business earned $0.16 EPS.

Destination XL Group Stock Performance

Shares of NASDAQ DXLG opened at $4.51 on Friday. Destination XL Group has a fifty-two week low of $3.68 and a fifty-two week high of $7.57. The company has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $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.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Destination XL Group in a report on Thursday, October 5th. They issued a “buy” rating for the company.

Insider Buying and Selling at Destination XL Group

In other Destination XL Group news, Director Jack Boyle bought 13,825 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $4.25 per share, with a total value of $58,756.25. Following the completion of the purchase, the director now owns 493,257 shares of the company’s stock, valued at $2,096,342.25. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other Destination XL Group news, Director Jack Boyle bought 13,825 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $4.25 per share, with a total value of $58,756.25. Following the completion of the purchase, the director now owns 493,257 shares of the company’s stock, valued at $2,096,342.25. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Robert S. Molloy sold 20,000 shares of the firm’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 transaction 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 disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Destination XL Group

Hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY raised its holdings in Destination XL Group by 101.6% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,701 shares of the company’s stock worth $25,000 after acquiring an additional 1,865 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Destination XL Group in the 3rd quarter worth approximately $26,000. Macquarie Group Ltd. purchased a new position in Destination XL Group in the 4th quarter worth approximately $32,000. UBS Group AG raised its holdings in Destination XL Group by 245.2% in the 3rd quarter. UBS Group AG now owns 5,920 shares of the company’s stock worth $32,000 after acquiring an additional 4,205 shares during the last quarter. Finally, Point72 Middle East FZE purchased a new position in Destination XL Group in the 4th quarter worth approximately $40,000. 76.01% of the stock is currently owned by hedge funds and other institutional investors.

About Destination XL Group

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.