December 1, 2016 - By Richard Conner · 0 Comments
The stock of Destination XL Group Incorporated (NASDAQ:DXLG) registered an increase of 2.59% in short interest. DXLG’s total short interest was 3.45 million shares in December as published by FINRA. Its up 2.59% from 3.37 million shares, reported previously. With 57,400 shares average volume, it will take short sellers 60 days to cover their DXLG’s short positions. The short interest to Destination XL Group Incorporated’s float is 11.86%. The stock closed at $4.1 during the last session. It is down 24.07% since April 28, 2016 and is downtrending. It has underperformed by 30.00% the S&P500.
Destination XL Group, Inc. is a specialty retailer of men’s apparel with retail and direct activities in the United States and London, England. The company has a market cap of $203.42 million. The Firm operates through the Big & Tall Men’s Apparel segment. It currently has negative earnings. The Firm operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL.
Out of 2 analysts covering Destination XL Group (NASDAQ:DXLG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Destination XL Group has been the topic of 6 analyst reports since August 20, 2015 according to StockzIntelligence Inc. As per Tuesday, August 2, the company rating was initiated by Wunderlich. The firm earned “Buy” rating on Sunday, August 30 by Sterne Agee CRT. Brean Capital maintained the shares of DXLG in a report on Friday, August 28 with “Buy” rating. The stock of Destination XL Group Inc (NASDAQ:DXLG) has “Buy” rating given on Thursday, August 20 by Brean Capital. The rating was upgraded by Zacks on Monday, August 31 to “Hold”.
Destination XL Group, Inc., incorporated on January 29, 1976, is a specialty retailer of men’s apparel with retail and direct activities in the United States and London, England. The Firm operates through the Big & Tall Men’s Apparel segment. The Firm operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL. The Firm operates approximately 170 Destination XL stores, 125 Casual Male XL retail stores, 40 Casual Male XL outlet stores, nine DXL outlet stores and five Rochester Clothing stores. The Company’s direct business includes its DestinationXL.com and bigandtall.com e-commerce sites, which support its stores, brands and product extensions. The Firm operates as an omni-channel retailer. Through its multiple brands, which include both branded apparel and private-label, the Company offers a range of merchandise. The Firm carries various designer brands, including Cole Haan, Allen Edmonds, Timberland, Calvin Klein, Lacoste, Donald J. Pliner and Bruno Magli.
More important recent Destination XL Group Inc (NASDAQ:DXLG) news were published by: Businesswire.com which released: “Destination XL Group, Inc. Reports Third-Quarter 2016 Financial Results” on November 18, 2016, also Marketwatch.com published article titled: “Destination XL started at buy with $6.50 stock price target at Wunderlich …”, Nasdaq.com published: “Earnings Reaction History: Destination XL Group, Inc., 57.1% Follow-Through …” on November 18, 2016. More interesting news about Destination XL Group Inc (NASDAQ:DXLG) was released by: Businesswire.com and their article: “Destination XL Group, Inc. to Announce Third Quarter 2016 Financial Results on …” with publication date: October 31, 2016.
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By Richard Conner