Destination XL Group (OTCMKTS:DXLG) Updates FY 2021 Earnings Guidance

Destination XL Group (OTCMKTS:DXLG) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.640-$0.760 for the period. The company issued revenue guidance of $490 million-$505 million.

Several equities research analysts have issued reports on DXLG shares. DA Davidson began coverage on shares of Destination XL Group in a research report on Tuesday, September 14th. They set a buy rating and a $11.00 price objective for the company. TheStreet upgraded shares of Destination XL Group from a d- rating to a c+ rating in a research report on Wednesday, September 8th. Finally, Craig Hallum initiated coverage on shares of Destination XL Group in a research report on Wednesday, July 21st. They issued a buy rating and a $7.50 price target for the company.

Shares of DXLG stock opened at $6.04 on Tuesday. Destination XL Group has a 52-week low of $0.19 and a 52-week high of $7.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.16 and a current ratio of 1.03. The company has a 50-day simple moving average of $5.30 and a two-hundred day simple moving average of $3.26. The company has a market capitalization of $383.84 million, a price-to-earnings ratio of 23.23 and a beta of 1.55.

Destination XL Group (OTCMKTS:DXLG) last released its earnings results on Monday, August 30th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.24. Destination XL Group had a net margin of 4.84% and a return on equity of 137.94%. On average, sell-side analysts forecast that Destination XL Group will post 0.7 EPS for the current fiscal year.

Destination XL Group Company Profile

Destination XL Group, Inc engages in the retail of specialty products. It offers shirts, pants, shorts, outerwear, activewear, suiting, underwear and lounge, shoes, and accessories. It distributes its products under the following brand names: Destination X, DXL, DXL Men’s Apparel, DXL Outlets, Casual Male XL, and Casual Male XL Outlets.

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