Revenue Update on Destination XL Group Inc(NASDAQ:DXLG)

Destination XL Group Inc(NASDAQ:DXLG) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 20, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $122.646M. Analysts estimated a revenue of $126.810M. The revenues were -3.28% below the estimates. Earnings per share were $0.02. The reported EPS was above estimates by 100%. Analysts had estimated an EPS of $0.01.

Destination XL Group Inc (DXLG) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -2.00% at a volume of 2,87,145. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.7. The peak price level was also seen at $2.7 while the days lowest was $2.3. Finally the shares closed at $2.45. The 52-week high of the shares is $5.65 while the 52-week low is $2.1. According to the latest information available, the market cap of the company is $122 M.

Several Insider Transactions has been reported to the SEC. On Jul 22, 2015, Peter E. Schmitz (SVP, Chief RE Officer) purchased 5,000 shares at $4.84 per share price.Also, 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.

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