Destination XL Group Inc (NASDAQ:DXLG) major shareholder Prescott Group Capital Managem sold 100,000 shares of the business’s stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $2.69, for a total transaction of $269,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of DXLG stock opened at $3.11 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.17 and a quick ratio of 0.19. Destination XL Group Inc has a 12 month low of $1.45 and a 12 month high of $3.15.
Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Thursday, August 30th. The specialty retailer reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $122.21 million during the quarter. Destination XL Group had a negative net margin of 2.81% and a negative return on equity of 11.69%. On average, equities research analysts forecast that Destination XL Group Inc will post -0.15 EPS for the current year.
Separately, Lake Street Capital set a $4.00 target price on shares of Destination XL Group and gave the stock a “buy” rating in a research note on Thursday, August 30th.
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.
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