Destination XL Group (DXLG) Receiving Somewhat Favorable News Coverage, Study Finds

News articles about Destination XL Group (NASDAQ:DXLG) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Destination XL Group earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 46.5055316578304 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of DXLG stock traded up $0.05 during mid-day trading on Friday, hitting $2.10. 35,515 shares of the stock were exchanged, compared to its average volume of 39,857. The company has a quick ratio of 0.19, a current ratio of 1.11 and a debt-to-equity ratio of 0.15. Destination XL Group has a 52-week low of $1.45 and a 52-week high of $2.70. The firm has a market cap of $100.74 million, a P/E ratio of -8.08 and a beta of 0.83.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Wednesday, May 30th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09. The firm had revenue of $113.33 million for the quarter. Destination XL Group had a negative net margin of 3.35% and a negative return on equity of 14.81%. analysts anticipate that Destination XL Group will post -0.15 earnings per share for the current fiscal year.

Separately, ValuEngine raised Destination XL Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.

In other Destination XL Group news, Director Willem Mesdag acquired 52,108 shares of the business’s stock in a transaction on Thursday, June 14th. The stock was bought at an average price of $1.77 per share, for a total transaction of $92,231.16. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 32.01% of the company’s stock.

Destination XL Group Company Profile

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.

Further Reading: Market Capitalization in the Stock Market

Insider Buying and Selling by Quarter for Destination XL Group (NASDAQ:DXLG)

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