Destination XL Group (DXLG) Posts Earnings Results

Destination XL Group (NASDAQ:DXLG) announced its earnings results on Wednesday. The specialty retailer reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09, Bloomberg Earnings reports. Destination XL Group had a negative return on equity of 15.85% and a negative net margin of 4.02%.

Shares of Destination XL Group stock opened at $1.65 on Thursday. Destination XL Group has a 12 month low of $1.45 and a 12 month high of $2.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.11 and a quick ratio of 0.17.

Separately, ValuEngine cut Destination XL Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

In other news, Director Seymour Holtzman bought 20,000 shares of Destination XL Group stock in a transaction on Monday, April 2nd. The stock was acquired at an average price of $1.68 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 4,196,064 shares of the company’s stock, valued at $7,049,387.52. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Willem Mesdag bought 28,300 shares of Destination XL Group stock in a transaction on Wednesday, April 4th. The shares were purchased at an average cost of $1.73 per share, with a total value of $48,959.00. The disclosure for this purchase can be found here. Insiders have acquired 63,300 shares of company stock valued at $108,559 in the last three months. Insiders own 31.46% of the company’s stock.

About Destination XL Group

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; casual clothing; and lifestyle products comprising chairs, outdoor accessories, travel accessories, bed and bath products, and fitness equipment.

Earnings History for Destination XL Group (NASDAQ:DXLG)

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