Destination XL Group, Inc. (NASDAQ:DXLG) is one of the stocks that are taking the center stage today as the company shares are trading 8.33% or 0.155 points lower from last closing price of $1.86, reaching $1.705 at last check. So what’s going on with DXLG shares anyway? The price has dropped in 1 of the last 5 days and is down -28.05% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 118,504 shares, and in total 157904 shares valued at $269226 were seen changing hands compared with 39400 shares valued at $73284 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the DXLG stock.
Destination XL Group, Inc. (DXLG) shares have notched a 3-month decline of about -28.05%, but has still tumbled -14.29% year to date. By comparison, the stock added 0.54% over the past 12 months, while it jumped 7.51% over the 1 month. The company’s market cap is around $95.1M, with its short interest ratio standing at 43.19%.
In the current trading session for DXLG, the stock witnessed two major price actions, it rose to a high of $1.89 and was down as much as $1.65 at one point. The high recorded is very low when compared to their 52-week high which is $1.52. The 52-week high is now at -51.41 distance from current price. Their recent low of $3.52 represents a 12.13% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for DXLG is $4, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Destination XL Group, Inc. earned $-0.27 per share in the trailing 12 months and has a P/E ratio of -6.31. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 34.76 and lower compared to the sector’s average of 19.34. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. DXLG also has P/S multiple of 0.18. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 2.3x.
The company recorded an interesting insider purchase transaction by the Director on Jun 12, 2019. A Securities and Exchanges Commission filings show that Seymour Holtzman bought a total of 61,500 DXLG shares that day for a sum of around $99,015. The filings show that the insider stake has now grown to 4,267,470 shares, currently worth $7,276,036. Destination XL Group, Inc. (DXLG) insiders have acquired 311,437 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 81,552 shares. In total, individual insiders traded 392,989 shares in the business, which makes up 19.654% of 1,999,523 shares that were traded over a year. In the past 12 months, insiders have purchased 832,512 shares while the seller parted with 1,167,011 shares.
DXLG‘s last price was down -29.64% as compared to the average trading price of 50 days recorded at $2.42 while enlarging the period to 200 trading days, the average closing price was $1.96. At present, there are 51.13 million in the total number of common shares owned by the public and among those 42.41 million shares have been available to trade. The percentage of shares being held by the company management was 5.3% while institutions stake was 66.4%. The company has generated negative returns on equity over the last 12 months (-21.3%). It managed to keep its gross profit margin at 44.4% over the past 12 months.
When assessing the full upside of the DXLG stock, there is another set of technicals that should be looked into and considered. Its -2.1% decline from moving average of $1.74 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.84 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Destination XL Group, Inc. — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $4 on shares of Destination XL Group, Inc. (NASDAQ:DXLG), which corresponds to 135.29% upside potential than its current market price of $1.705 and implies potential despite the recent drop in the price. However, their current target price has fallen from $4 a month ago and is down handily from the consensus target of $4 a quarter ago.
In the last five years, the EPS of the company has been roughly 26.3%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 15%. The revenue of the company has risen at an average annualized rate of about 4.2 over the last five years. The company recently recorded a drop of -0.3%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards DXLG stock. BlueCrest Capital Management Ltd added position in the company after it grew 50% or 34,461 shares of its common stock. The hedge fund now owns 51,691 shares worth $88,133, SEC documents show. ExodusPoint Capital Management LP shored up assets in the stock as 39464.67 shares have been purchased, increasing its stake by 50% to 59,197 shares which are currently valued at $100,931. In addition, Cannell Capital LLC recently reported that it now owns 5,249,595 shares making a total of $8,950,559 based on the recent price. This refelects a change of 1.5% in their ownership.