Positive Media Coverage Somewhat Likely to Affect Destination XL Group (DXLG) Stock Price

Media stories about Destination XL Group (NASDAQ:DXLG) have trended positive on Friday, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Alpha One 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 coverage optimism score of 0.36 on Alpha One’s scale. Alpha One also gave media headlines about the specialty retailer an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected AlphaOne Sentiment Analysis’s analysis:

Destination XL Group (NASDAQ:DXLG) traded up 20.00% during mid-day trading on Friday, reaching $2.40. The company’s stock had a trading volume of 1,571,895 shares. Destination XL Group has a 52 week low of $1.95 and a 52 week high of $5.57. The firm’s market capitalization is $119.77 million. The company’s 50-day moving average price is $2.52 and its 200 day moving average price is $3.31.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Friday, May 19th. The specialty retailer reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $107.70 million during the quarter, compared to analyst estimates of $109.24 million. Destination XL Group had a negative return on equity of 3.54% and a negative net margin of 1.20%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts forecast that Destination XL Group will post ($0.09) earnings per share for the current fiscal year.

A number of brokerages recently issued reports on DXLG. Zacks Investment Research lowered Destination XL Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 1st. TheStreet lowered Destination XL Group from a “c-” rating to a “d+” rating in a report on Monday, January 23rd.

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Destination XL Group Company Profile

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.

5 Day Chart for NASDAQ:DXLG

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