StockNews.com Lowers Destination XL Group (NASDAQ:DXLG) to Hold

StockNews.com downgraded shares of Destination XL Group (NASDAQ:DXLG) from a buy rating to a hold rating in a research note released on Friday morning.

Separately, DA Davidson reduced their price objective on Destination XL Group from $6.00 to $4.00 and set a buy rating for the company in a research report on Friday, August 30th.

Destination XL Group Price Performance

Shares of NASDAQ DXLG opened at $2.81 on Friday. The firm has a market capitalization of $163.64 million, a PE ratio of 7.39 and a beta of 1.30. Destination XL Group has a 1-year low of $2.19 and a 1-year high of $4.90. The business’s fifty day moving average price is $2.91 and its two-hundred day moving average price is $3.27.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $124.82 million during the quarter. Destination XL Group had a net margin of 3.11% and a return on equity of 11.10%.

Hedge Funds Weigh In On Destination XL Group

A number of institutional investors and hedge funds have recently bought and sold shares of DXLG. Fund 1 Investments LLC lifted its stake in shares of Destination XL Group by 144.3% in the 4th quarter. Fund 1 Investments LLC now owns 5,239,180 shares of the company’s stock worth $23,052,000 after acquiring an additional 3,094,183 shares during the period. SG Americas Securities LLC bought a new stake in Destination XL Group during the third quarter worth approximately $3,006,000. American Century Companies Inc. lifted its position in Destination XL Group by 15.4% in the second quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock worth $4,364,000 after purchasing an additional 159,943 shares during the period. GSA Capital Partners LLP lifted its position in Destination XL Group by 60.5% in the first quarter. GSA Capital Partners LLP now owns 253,516 shares of the company’s stock worth $913,000 after purchasing an additional 95,606 shares during the period. Finally, Long Focus Capital Management LLC boosted its stake in Destination XL Group by 19.0% during the 2nd quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock valued at $1,594,000 after purchasing an additional 70,000 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.