In the last trading session, 1.17 million Destination XL Group Inc (NASDAQ:DXLG) shares changed hands as the company’s beta touched 1.54. With the company’s per share price at $4.16 changed hands at -$0.35 or -7.76% during last session, the market valuation stood at $251.22M. DXLG’s last price was a discount, traded about -81.97% off its 52-week high of $7.57. The share price had its 52-week low at $3.68, which suggests the last value was 11.54% up since then. When we look at Destination XL Group Inc’s average trading volume, we note the 10-day average is 0.34 million shares, with the 3-month average coming to 456.42K.
Analysts gave the Destination XL Group Inc (DXLG) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended DXLG as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Destination XL Group Inc’s EPS for the current quarter is expected to be $Destination XL Group, Inc..
Destination XL Group Inc (NASDAQ:DXLG) trade information
Instantly DXLG was in red as seen at the end of in last trading. With action -4.15%, the performance over the past five days has been red. The drop to weekly highs of 4.90 on Monday, 11/20/23 subtracted -7.76% to the stock’s daily price. The company’s shares are showing year-to-date downside of -38.37%, with the 5-day performance at -4.15% in the red. However, in the 30-day time frame, Destination XL Group Inc (NASDAQ:DXLG) is -3.48% down. Looking at the short shares, we see there were 1.63 million shares sold at short interest cover period of 5.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.75, meaning bulls need an upside of 27.65% from its current market value. According to analyst projections, DXLG’s forecast low is $4.50 with $7.00 as the target high. To hit the forecast high, the stock’s price needs a -68.27% plunge from its current level, while the stock would need to soar -8.17% for it to hit the projected low.
Destination XL Group Inc (DXLG) estimates and forecasts
Data shows that the Destination XL Group Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 2.21% over the past 6 months, a -39.40% in annual growth rate that is considerably lower than the industry average of -8.50%.
The 2023 estimates are for Destination XL Group Inc earnings to decrease by -44.61%, but the outlook for the next 5-year period is at 15.00% per year.
Destination XL Group Inc is expected to release its next quarterly earnings report in December.
Destination XL Group Inc (NASDAQ:DXLG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.37% of Destination XL Group Inc shares while 83.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.26%. There are 83.62% institutions holding the Destination XL Group Inc stock share, with AWM Investment Company, Inc. the top institutional holder. As of Jun 29, 2023, the company held 14.79% of the shares, roughly 9.4 million DXLG shares worth $46.06 million.
Wolf Hill Capital Management, LP holds the second largest percentage of outstanding shares, with 7.60% or 4.83 million shares worth $23.67 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were Invesco ETF Tr II-Invesco DWA Small Cap Momentum ETF and Vanguard Total Stock Market Index Fund. With 2.17 million shares estimated at $9.87 million under it, the former controlled 3.41% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.59% of the shares, roughly 1.65 million shares worth around $8.06 million.