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Destination XL Group, Inc. (NASDAQ:DXLG) announced that James Reath, its Chief Marketing Officer, resigned from his position effective Thursday. Reath was also listed as a named executive officer in the company’s 2025 proxy statement. The company disclosed the departure in a filing with the Securities and Exchange Commission. The news comes as DXLG’s stock has declined over 63% in the past year, with the shares currently trading at $1.26. According to InvestingPro analysis, the stock appears undervalued at current levels.
No additional details regarding the circumstances of Reath’s resignation or plans for his replacement were provided in the filing. Destination XL Group is a specialty retailer of men’s big and tall apparel headquartered in Canton, Massachusetts.
This information is based on a press release statement included in a recent SEC filing.
In other recent news, Destination XL Group reported its first-quarter 2025 earnings, missing expectations for both earnings per share and revenue. The company posted an EPS of -$0.04, falling short of the anticipated $0.055, while revenue reached $105.5 million, below the forecasted $116.58 million. Despite the earnings miss, DA Davidson analyst Michael Baker maintained a Buy rating for Destination XL Group, though he adjusted the price target for the company’s shares from $2.50 to $2.00. Baker noted that Destination XL has faced prolonged weak business performance as customers prioritize other spending in an uncertain market. However, he acknowledged the company’s effective management of inventory and costs, as well as strategic initiatives that have started to show slightly positive trends. These developments are crucial for investors monitoring Destination XL Group’s performance and potential recovery.
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