Destination XL Group Inc (DXLG) is Initiated by Wunderlich to Buy, Price Target at $6.50

Destination XL Group Inc (DXLG) was Initiated by Wunderlich to “Buy” and the brokerage firm has set the Price Target at $6.50. Wunderlich advised their investors in a research report released on Aug 2, 2016.

On the company’s financial health, Destination XL Group Inc reported $-0.02 EPS for the quarter, based on the information available during the earnings call on Mar 18, 2016. Analyst had a consensus estimate of $-0.02. The company had revenue of $124.00 million for the quarter, compared to analysts expectations of $124.01 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Destination XL Group Inc opened for trading at $5.05 and hit $5.17 on the upside on Friday, eventually ending the session at $5.16, with a gain of 1.98% or 0.1 points. The heightened volatility saw the trading volume jump to 1,11,878 shares. Company has a market cap of $262 M.

In a different news, on Jul 22, 2015, Peter E. Schmitz (SVP, Chief RE Officer) purchased 5,000 shares at $4.84 per share price. According to the SEC, on Apr 7, 2015, Kenneth Ederle (SVP,Chief MerchandisingOfficer) sold 60 shares at $3.82 per share price.

Destination XL Group Inc. along with its subsidiaries is a specialty retailer of big & tall men’s apparel with retail and direct operations in the United States and London England. 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. It operates approximately 138 Destination XL stores 157 Casual Male XL retail stores 48 Casual Male XL outlet stores two DXL outlet stores and eight Rochester Clothing stores. Its direct business includes its and e-commerce sites which support its stores brands and product extensions. It carries brands such as Bogosse Brooks Brothers Gran Sasso John Laing Remy Jack & Jokers Psycho Bunny Derek Rose Brioni Coppley Eton and Hickey Freeman among others.

Destination XL Group Inc

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