On May 26, 2023, Destination XL Group (DXLG) reported their Q1 earnings, which showed an increase of $6.97 million from the previous quarter, a rise of 16.26%. However, sales decreased by 12.81% to $125.44 million during the same period. In terms of Return on Capital Employed (ROCE), DXLG posted a ROCE of 0.05% in Q1. This metric measures a business’s pre-tax profit relative to its capital employed and is an indicator of successful growth. A higher ROCE implies higher earnings per share in the future and effective capital allocation, which is a positive sign for long-term returns.
DXLG’s annualized ROCE % for the quarter that ended in Jan. 2023 was 16.88%. For historical data on ROCE %, refer to YCharts. Other key ratios for DXLG can be found on their investor relations website. For the stock price and latest news on DXLG, visit MarketWatch and Investing.com.
It is important to note that ROCE evaluates past performance and is not a predictive tool. While it is a good measure of a company’s recent performance, it does not account for factors that could affect earnings and sales in the near future. However, a relatively high ROCE suggests that DXLG is operating at a higher level of efficiency than other companies in its industry, indicating potentially favorable long-term returns.
DXLG Stock Price Drops Despite Positive Earnings and Revenue Growth
DXLG’s stock opened at $4.04 on May 26, 2023, and traded in a range of $4.02 to $4.26 with a volume of 13,347 shares traded. The stock price decreased by $0.16 or 2.04% compared to the previous day’s closing price, despite positive earnings and revenue growth in the last year. DXLG’s P/E ratio is 3.2, which is significantly lower than the industry average of 19.1, and the company’s net profit margin is 16.33%, which is higher than the industry average of 6.83%. DXLG’s next reporting date is August 31, 2023, and the EPS forecast for this quarter is $0.18.
DXLG Stock Price Expected to Double: Buy Rating Holds Steady
On May 26, 2023, Destination XL Group Inc (DXLG) experienced a stock price of 4.20. However, according to two analysts offering 12-month price forecasts, the median target is 8.25, with a high estimate of 9.00 and a low estimate of 7.50. This represents a potential increase of 96.66% from the current price. The consensus among the two polled investment analysts is to buy stock in DXLG. This rating has held steady since September, indicating that the company has been performing well and maintaining investor confidence. DXLG reported earnings per share of $0.18 and sales of $138.4 million for the current quarter.
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