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

StockNews.com lowered shares of Destination XL Group (NASDAQ:DXLG) from a buy rating to a hold rating in a report issued on Friday.

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

Destination XL Group Trading Up 4.7 %

Shares of NASDAQ DXLG opened at $2.88 on Friday. The firm’s 50-day moving average is $2.91 and its 200-day moving average is $3.27. The firm has a market capitalization of $167.72 million, a PE ratio of 7.58 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.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The company 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%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Destination XL Group during the third quarter valued at $3,006,000. Long Focus Capital Management LLC boosted its stake in Destination XL Group by 19.0% during the second quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock worth $1,594,000 after acquiring an additional 70,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Destination XL Group by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock worth $7,375,000 after purchasing an additional 18,952 shares during the period. American Century Companies Inc. increased its stake 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 valued at $4,364,000 after purchasing an additional 159,943 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Destination XL Group by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock valued at $1,282,000 after purchasing an additional 23,835 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

About Destination XL Group

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.