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

Headlines about Destination XL Group (NASDAQ:DXLG) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Destination XL Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.3590629123064 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Destination XL Group stock remained flat at $$1.70 on Monday. The stock had a trading volume of 21,591 shares, compared to its average volume of 110,555. Destination XL Group has a fifty-two week low of $1.46 and a fifty-two week high of $2.85. The company has a quick ratio of 0.17, a current ratio of 1.11 and a debt-to-equity ratio of 0.15.

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Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings data on Friday, March 23rd. The specialty retailer reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $135.52 million during the quarter. Destination XL Group had a negative return on equity of 15.85% and a negative net margin of 4.02%.

Separately, ValuEngine downgraded Destination XL Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

In related news, Director Willem Mesdag acquired 28,300 shares of Destination XL Group stock in a transaction on Wednesday, April 4th. The stock was purchased at an average cost of $1.73 per share, with a total value of $48,959.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Seymour Holtzman acquired 20,000 shares of Destination XL Group stock in a transaction on Monday, April 2nd. The shares were bought at an average cost of $1.68 per share, with a total value of $33,600.00. Following the completion of the purchase, the director now owns 4,196,064 shares in the company, valued at $7,049,387.52. The disclosure for this purchase can be found here. 31.46% of the stock is owned by corporate insiders.

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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 in the United States and England. Its stores offer sportswear and dresswear; shoes; accessories, such as belts, ties, socks; fashion-neutral items, including jeans, casual slacks, tee-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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