Destination XL Group (NASDAQ:DXLG) Releases FY 2024 Earnings Guidance

Destination XL Group (NASDAQ:DXLG) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 0.070-0.090 for the period, compared to the consensus EPS estimate of 0.090. The company issued revenue guidance of $467.0 million-$470.0 million, compared to the consensus revenue estimate of $468.8 million.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DXLG shares. StockNews.com cut Destination XL Group from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. DA Davidson lowered their target price on shares of Destination XL Group from $3.50 to $3.00 and set a “buy” rating for the company in a report on Tuesday, December 24th.

Destination XL Group Stock Performance

DXLG opened at $2.63 on Monday. Destination XL Group has a one year low of $2.15 and a one year high of $4.51. The stock has a market capitalization of $142.84 million, a P/E ratio of 17.53 and a beta of 1.30. The business’s 50-day simple moving average is $2.63 and its 200-day simple moving average is $2.89.

Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings results on Friday, November 22nd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06). Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. During the same period last year, the business posted $0.06 EPS.

About Destination XL Group

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men’s clothing and shoes in the United States. The company’s stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.