Destination XL Group (NASDAQ:DXLG) Posts Quarterly Earnings Results, Hits Estimates

Destination XL Group (NASDAQ:DXLG) released its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, Zacks reports. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. The firm had revenue of $119.20 million for the quarter, compared to the consensus estimate of $120.93 million.

Destination XL Group Stock Performance

Shares of DXLG opened at $1.85 on Friday. The business’s 50-day moving average is $2.42 and its two-hundred day moving average is $2.60. The company has a market capitalization of $100.47 million, a P/E ratio of 12.33 and a beta of 1.15. Destination XL Group has a fifty-two week low of $1.77 and a fifty-two week high of $3.93.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their target price on Destination XL Group from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Tuesday, December 24th.

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. The company’s stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.