The stock of Destination XL Group Inc (NASDAQ:DXLG) hit a new 52-week low and has $3.52 target or 12.00% below today’s $4.00 share price. The 7 months bearish chart indicates high risk for the $198.43 million company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $3.52 price target is reached, the company will be worth $23.81M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 24,831 shares traded hands. Destination XL Group Inc (NASDAQ:DXLG) has declined 23.60% since March 31, 2016 and is downtrending. It has underperformed by 26.12% the S&P500.
Destination XL Group Inc (NASDAQ:DXLG) Ratings Coverage
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. The firm has “Buy” rating by Brean Capital given on Friday, August 28. The stock of Destination XL Group Inc (NASDAQ:DXLG) earned “Buy” rating by Sterne Agee CRT on Sunday, August 30. The stock of Destination XL Group Inc (NASDAQ:DXLG) earned “Buy” rating by Wunderlich on Tuesday, August 2. The firm earned “Hold” rating on Monday, August 31 by Zacks. Brean Capital maintained Destination XL Group Inc (NASDAQ:DXLG) rating on Thursday, August 20. Brean Capital has “Buy” rating and $8 price target.
According to Zacks Investment Research, “Destination XL Group, Inc. is a multi-channel specialty retailer of big & tall men’s apparel with operations throughout the United States, Canada and Europe. It operates under six brands: Destination XL(R), Casual Male XL, Rochester Clothing, B&T Factory Direct, ShoesXL and LivingXL. Its stores offer sportswear, dress clothing, footwear, suits, loungewear, neckwear, and accessories, basic items and lifestyle products. The Company also has electronic commerce and catalog operations. Destination XL Group, Inc., formerly known as Casual Male Retail Group Inc., is headquartered in Canton, Massachusetts.”
More notable recent Destination XL Group Inc (NASDAQ:DXLG) news were published by: Businesswire.com which released: “Destination XL Group, Inc. to Announce Third Quarter 2016 Financial Results on …” on October 31, 2016, also Marketwatch.com with their article: “Destination XL started at buy with $6.50 stock price target at Wunderlich …” published on December 28, 2012, Businesswire.com published: “Destination XL Group, Inc. Names Nancy Youssef to Head Global Franchise Strategy” on November 20, 2015. More interesting news about Destination XL Group Inc (NASDAQ:DXLG) were released by: Businesswire.com and their article: “Destination XL Group, Inc. Reports First-Quarter 2016 Financial Results” published on May 20, 2016 as well as Seekingalpha.com‘s news article titled: “Revisiting Destination XL Group” with publication date: September 23, 2016.
DXLG Company Profile
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.
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