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

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

Destination XL Group Trading Down 4.6 %

DXLG opened at $1.76 on Friday. The firm has a market cap of $95.58 million, a P/E ratio of 11.73 and a beta of 1.15. Destination XL Group has a 12 month low of $1.75 and a 12 month high of $3.93. The stock has a 50-day moving average of $2.40 and a 200 day moving average of $2.60.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target on Destination XL Group from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday.

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.