Destination Xl Group Stock Today
| DXLG Stock | USD 3.21 0.06 1.83% |
Performance0 of 100
| Odds Of DistressLess than 10
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Destination is trading at 3.21 as of the 18th of April 2024. This is a -1.83 percent decrease since the beginning of the trading day. The stock's lowest day price was 3.21. Destination has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Destination XL Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of April 2022 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Consumer Discretionary Distribution & Retail | IPO Date 2nd of June 1987 | Category Consumer Cyclical | Classification Consumer Discretionary |
Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall mens clothing and shoes in the United States and Canada. Destination XL Group, Inc. was incorporated in 1976 and is headquartered in Canton, Massachusetts. The company has 57.99 M outstanding shares of which 4.51 M shares are currently shorted by private and institutional investors with about 14.44 trading days to cover. More on Destination XL Group
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Follow Valuation Options Odds of Bankruptcy
Financial Report 23rd of May 2024
Destination Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Destination's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Destination or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Harvey Kanter | ||||
| Thematic Idea | Retail (View all Themes) | ||||
| Business Concentration | Specialty Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, NASDAQ Composite, NASDAQ Composite Total, Retail, Consumer Discretionary, Specialty Retail, Apparel Retail, Consumer Cyclical (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Destination report their recommendations after researching Destination's financial statements, talking to executives and customers, or listening in on Destination's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Destination XL Group. The Destination consensus assessment is calculated by taking the average forecast from all of the analysts covering Destination. | |||||
Destination's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Destination's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Destination's financial leverage. It provides some insight into what part of Destination's total assets is financed by creditors.
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Destination XL Group (DXLG) is traded on NASDAQ Exchange in USA. It is located in 555 Turnpike Street, Canton, MA, United States, 02021 and employs 1,439 people. Destination is listed under Specialty Retail category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 191.94 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Destination's market, we take the total number of its shares issued and multiply it by Destination's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Destination XL Group conducts business under Specialty Retail sector and is part of Consumer Discretionary industry. The entity has 57.99 M outstanding shares of which 4.51 M shares are currently shorted by private and institutional investors with about 14.44 trading days to cover.
Destination XL Group currently holds about 22.18 M in cash with 49.59 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.36.
Check Destination Probability Of Bankruptcy
Ownership AllocationDestination holds a total of 57.99 Million outstanding shares. The majority of Destination XL Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Destination XL Group to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Destination. Please pay attention to any change in the institutional holdings of Destination XL Group as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Destination Ownership Details
Destination Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Destination jumping above the current price in 90 days from now is roughly 97.0%. The Destination XL Group probability density function shows the probability of Destination stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0662 suggesting Destination XL Group market returns are reactive to returns on the market. As the market goes up or down, Destination is expected to follow. Additionally, destination XL Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Destination to move above the current price in 90 days from now is roughly 97.0 (This Destination XL Group probability density function shows the probability of Destination Stock to fall within a particular range of prices over 90 days) .
Destination Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Destination that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Destination's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Destination's value.| Instituion | Recorded On | Shares | |
| American Century Companies Inc | 2023-12-31 | 883.2 K | |
| Manatuck Hill Partners Llc | 2023-12-31 | 788.3 K | |
| Hillsdale Investment Management Inc. | 2023-12-31 | 574 K | |
| Two Sigma Advisers, Llc | 2023-12-31 | 545.4 K | |
| Arrowstreet Capital Limited Partnership | 2023-12-31 | 530.9 K | |
| Two Sigma Investments Llc | 2023-12-31 | 513.7 K | |
| Northern Trust Corp | 2023-12-31 | 502.8 K | |
| Oberweis Asset Management Inc | 2023-09-30 | 415.7 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 350.1 K | |
| Awm Investment Company Inc | 2023-12-31 | 9.4 M | |
| Fund 1 Investments Llc | 2023-12-31 | 5.2 M |
Destination Historical Income Statement
Destination XL Group Income Statement is one of the three primary financial statements used for reporting Destination's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Destination XL Group revenue and expense. Destination Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Destination's EBIT is most likely to increase significantly in the upcoming years. The Destination's current EBITDA is estimated to increase to about 58.7 M, while Gross Profit is projected to decrease to roughly 144.8 M. View More FundamentalsDestination Stock Against Markets
Picking the right benchmark for Destination stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Destination stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Destination is critical whether you are bullish or bearish towards Destination XL Group at a given time. Please also check how Destination's historical prices are related to one of the top price index indicators.
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Destination Corporate Directors
Destination corporate directors refer to members of a Destination board of directors. The board of directors generally takes responsibility for the Destination's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Destination's board members must vote for the resolution. The Destination board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| George Porter | Independent Director | Profile | |
| John Kyees | Director | Profile | |
| Willem Mesdag | Director | Profile | |
| Jesse Choper | Independent Director | Profile |
How to buy Destination Stock?
Before investing in Destination, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Destination. To buy Destination stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Destination. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Destination stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Destination XL Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Destination XL Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Destination XL Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Destination Stock please use our How to Invest in Destination guide.
Already Invested in Destination XL Group?
The danger of trading Destination XL Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Destination is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Destination. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Destination XL Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Destination XL Group is a strong investment it is important to analyze Destination's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Destination's future performance. For an informed investment choice regarding Destination Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Destination XL Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Destination Stock analysis
When running Destination's price analysis, check to measure Destination's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Destination is operating at the current time. Most of Destination's value examination focuses on studying past and present price action to predict the probability of Destination's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Destination's price. Additionally, you may evaluate how the addition of Destination to your portfolios can decrease your overall portfolio volatility.
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Is Destination's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Destination. If investors know Destination will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Destination listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.38) | Earnings Share 0.43 | Revenue Per Share 8.552 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0742 |
The market value of Destination XL Group is measured differently than its book value, which is the value of Destination that is recorded on the company's balance sheet. Investors also form their own opinion of Destination's value that differs from its market value or its book value, called intrinsic value, which is Destination's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Destination's market value can be influenced by many factors that don't directly affect Destination's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Destination's value and its price as these two are different measures arrived at by different means. Investors typically determine if Destination is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Destination's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.