How to Buy Destination Xl Group Stock
Destination Xl Group Inc
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 and Canada.
Destination Xl Group stock last closed at $5.43, down 11.85% from the previous day, and has increased 6.68% in one year. It has overperformed other stocks in the Apparel Retail industry by 0.31 percentage points. Destination Xl Group stock is currently +66.06% from its 52-week low of $3.27, and -28.27% from its 52-week high of $7.57.
As of Mar 17, 2023, there are 62.62M shares of DXLG outstanding. The market capitalization of DXLG is $340.03M. In the last 24 hours, 2.53M DXLG shares were traded.
How to Buy Destination Xl Group Stock
Not sure how to invest in Destination Xl Group stock? Here's how.
- Figure out where to buy Destination Xl Group stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Destination Xl Group stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your method of payment and add your details.
- Evaluate Destination Xl Group stock: The Destination Xl Group ticker symbol is DXLG. Is Destination Xl Group stock a good investment? Should you buy shares of DXLG? How do DXLG's underlying business fundamentals look? Do top analysts think Destination Xl Group is a good buy? Why has DXLG's stock price moved recently? (Hint: Our stock research tools can help you figure out if DXLG is a good stock to buy).
- Execute your DXLG trade: Decide if you will purchase DXLG shares at the current market price or use a limit order to buy DXLG stock at a given price.
- Get key alerts regarding your DXLG position: Create a watchlist to important notifications about your new investment in Destination Xl Group shares.
Step 1: Figure out where to buy Destination Xl Group stock
You will need a brokerage account in order to access the NASDAQ market and buy DXLG stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal info so you are able to invest in DXLG stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal details to open your new trading account.
- Submit your info by clicking the "Create Account" button.
Step 3: Deposit money your investment account
Now that you've opened your account on the best stock trading app, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing money into your new brokerage account.
Step 4: Evaluate Destination Xl Group stock
Once you have figured out the best place to buy Destination Xl Group stock, it's crucial to research their stock prior to investing, so you can understand the risk as well as the upside.
Destination Xl Group Numbers
DXLG Due Diligence Checks
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can view all of the due diligence checks on DXLG's stock page.
How is DXLG stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge DXLG's fair value.
Using relative valuations methods:
- DXLG may be undervalued based on its P/E ratio of 3.82x, relative to Apparel Retail industry P/E ratio of 21.15x
- DXLG may be undervalued based on its P/B ratio of 2.48x, relative to Apparel Retail industry P/B ratio of 8.23x
- DXLG may be undervalued based on its PEG ratio of 0.09x
You can do more valuation analysis on DXLG's stock here.
DXLG Financial Health Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the DXLG balance sheet.
- Total DXLG debt is lower than 5 years ago, relative to shareholder equity.
- DXLG profit margin has gone up from 11.2% to 16.3% in the past year.
- DXLG earnings of $58.59M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the DXLG balance sheet.
- DXLG's operating cash flow of $59.94M allows it to safely service it's debt of $144.24M.
Failed Financial Due Diligence Checks:
- DXLG has a relatively high debt to equity ratio of 1.56.
Is it a good time to buy DXLG stock, according to Wall Street analysts?
Out of 1 Equities analysts who give forecasts on DXLG, the consensus analyst rating on Destination Xl Group is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Destination Xl Group stock forecast page.
DXLG Momentum
DXLG Performance Numbers
Last year, DXLG earnings were $89.12M. Over the last 1 years, DXLG's earnings have increased by 59.55% per year. This was faster than the Apparel Retail industry average of 10.88%.
Last year, DXLG revenue was $545.84M. During the last five year, DXLG's revenue has grown by 3.13% per year. This was slower than the Apparel Retail industry average of 11.89%.
Dive into DXLG's earnings and revenue performance here.
Are DXLG executives and large shareholders buying or selling the stock?
In the past year, insiders at DXLG have sold more shares than they have bought.
Awm Investment Company Inc, 10% Owner of DXLG, was the latest DXLG insider to sell. They sold $165,237.34 worth of DXLG stock on Mar 16, 2023.
Learn more about who owns DXLG shares here.
Does DXLG stock generate passive income?
No, Destination Xl Group doesn't provide an income stream by paying out dividends.
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Step 5: Execute your DXLG trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Hit the Open button and your broker will execute the order.
If you require additional help buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your DXLG position
Now that you own some DXLG shares, you'll want to stay up-to-date on your investment.
Start a watchlist to see the latest developments about your DXLG stock.
DXLG Feed
How to Buy Stock in Destination Xl Group
To reiterate, here are the 6 steps for buying Destination Xl Group stock:
- Figure out where to buy Destination Xl Group stock
- Sign up for your brokerage account
- Deposit money your investment account
- Evaluate Destination Xl Group stock
- Execute your DXLG trade
- Get key alerts regarding your DXLG position
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your investment in Destination Xl Group, create your watchlist below.
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