Price Action To Observe: What’s Propelling Destination XL Group Inc to Decline So Much?

Price Action To Observe: What's Propelling Destination XL Group Inc to Decline So Much?

The stock of Destination XL Group Inc (NASDAQ:DXLG) is a huge mover today! About 73,407 shares traded hands or 18.09% up from the average. Destination XL Group Inc (NASDAQ:DXLG) has declined 7.79% since April 18, 2016 and is downtrending. It has underperformed by 12.22% the S&P500.
The move comes after 6 months negative chart setup for the $213.96 million company. It was reported on Nov, 18 by Barchart.com. We have $3.74 PT which if reached, will make NASDAQ:DXLG worth $25.68M less.

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 given on Thursday, August 20 by Brean Capital. Zacks upgraded it to “Hold” rating and $6.50 target price in Monday, August 31 report. Wunderlich initiated Destination XL Group Inc (NASDAQ:DXLG) on Tuesday, August 2 with “Buy” rating. The firm has “Buy” rating by Sterne Agee CRT given on Sunday, August 30. As per Friday, August 28, the company rating was maintained by Brean Capital.

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 important recent Destination XL Group Inc (NASDAQ:DXLG) news were published by: Nasdaq.com which released: “Earnings Reaction History: Destination XL Group, Inc., 57.1% Follow-Through …” on November 18, 2016, also Businesswire.com published article titled: “Destination XL Group, Inc. Reports Third-Quarter 2016 Financial Results”, Marketwatch.com published: “Destination XL started at buy with $6.50 stock price target at Wunderlich …” on December 28, 2012. 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.

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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