Destination XL Group (NASDAQ:DXLG) Price Target Lowered to $2.50 at DA Davidson

Destination XL Group (NASDAQ:DXLG) had its price target trimmed by DA Davidson from $3.00 to $2.50 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Destination XL Group Stock Down 4.6 %

Shares of Destination XL Group stock opened at $1.76 on Friday. The company has a market cap of $95.58 million, a PE ratio of 11.73 and a beta of 1.15. The business has a 50 day moving average of $2.40 and a 200 day moving average of $2.60. Destination XL Group has a 52 week low of $1.75 and a 52 week high of $3.93.

Destination XL Group (NASDAQ:DXLG) last announced its earnings results on Thursday, March 20th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $119.20 million during the quarter, compared to the consensus estimate of $120.93 million. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. On average, research analysts anticipate that Destination XL Group will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Destination XL Group

A number of institutional investors have recently added to or reduced their stakes in DXLG. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Destination XL Group in the third quarter worth $2,940,000. American Century Companies Inc. raised its holdings in Destination XL Group by 6.0% in the fourth quarter. American Century Companies Inc. now owns 1,508,579 shares of the company’s stock worth $4,058,000 after purchasing an additional 86,043 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Destination XL Group by 100.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 155,875 shares of the company’s stock worth $419,000 after purchasing an additional 78,015 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Destination XL Group by 19.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 438,340 shares of the company’s stock worth $1,179,000 after purchasing an additional 69,952 shares in the last quarter. Finally, Barclays PLC raised its holdings in Destination XL Group by 270.2% in the third quarter. Barclays PLC now owns 70,343 shares of the company’s stock worth $207,000 after purchasing an additional 51,341 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.

Destination XL Group Company Profile

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. The company’s stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.