Somewhat Favorable News Coverage Somewhat Unlikely to Affect Destination XL Group (DXLG) Share Price

Media stories about Destination XL Group (NASDAQ:DXLG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Destination XL Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 48.2513143069882 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several research firms recently commented on DXLG. ValuEngine upgraded shares of Destination XL Group from a “strong sell” rating to a “sell” rating in a research report on Monday. B. Riley restated a “buy” rating on shares of Destination XL Group in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Destination XL Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Destination XL Group has an average rating of “Hold” and a consensus target price of $3.00.

Shares of Destination XL Group (NASDAQ:DXLG) opened at $2.15 on Tuesday. Destination XL Group has a 52-week low of $1.46 and a 52-week high of $4.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.17 and a current ratio of 1.10.

Destination XL Group (NASDAQ:DXLG) last announced its earnings results on Friday, November 17th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). Destination XL Group had a negative net margin of 3.01% and a negative return on equity of 10.24%. The business had revenue of $103.70 million for the quarter, compared to analyst estimates of $109.00 million. During the same quarter last year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. sell-side analysts expect that Destination XL Group will post -0.23 EPS for the current year.

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About Destination XL Group

Destination XL Group, Inc is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. The Company operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL.

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