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

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

Destination XL Group Trading Down 4.6 %

NASDAQ DXLG opened at $1.76 on Friday. Destination XL Group has a 12 month low of $1.75 and a 12 month high of $3.93. The stock has a market cap of $95.58 million, a P/E ratio of 11.73 and a beta of 1.15. The stock’s fifty day moving average price is $2.40 and its 200-day moving average price is $2.60.

Destination XL Group (NASDAQ:DXLG) last released its earnings results on Thursday, March 20th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. The firm had revenue of $119.20 million for the quarter, compared to analysts’ expectations of $120.93 million. As a group, analysts forecast that Destination XL Group will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Destination XL Group

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Destination XL Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,235,802 shares of the company’s stock valued at $3,325,000 after buying an additional 4,261 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Destination XL Group by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,091 shares of the company’s stock valued at $41,000 after buying an additional 4,967 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Destination XL Group by 0.5% during the fourth quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock valued at $2,765,000 after buying an additional 5,349 shares during the last quarter. State Street Corp boosted its position in shares of Destination XL Group by 0.6% during the third quarter. State Street Corp now owns 1,058,907 shares of the company’s stock valued at $3,113,000 after buying an additional 6,300 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Destination XL Group by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 31,451 shares of the company’s stock valued at $85,000 after buying an additional 6,850 shares during the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.

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.