Separately, StockNews.com assumed coverage on Destination XL Group in a report on Wednesday, October 12th. They set a buy rating on the stock.
Destination XL Group Stock Up 1.7 %
DXLG opened at $7.10 on Monday. Destination XL Group has a 52 week low of $3.27 and a 52 week high of $8.07. The business has a fifty day simple moving average of $6.24 and a 200-day simple moving average of $5.52. The firm has a market cap of $438.50 million, a P/E ratio of 5.26 and a beta of 1.54.
Insider Buying and Selling
In other Destination XL Group news, CAO John F. Cooney sold 30,000 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $6.00, for a total value of $180,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,559 shares in the company, valued at approximately $387,354. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Francis C. Chane sold 52,389 shares of the company’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $6.15, for a total value of $322,192.35. Following the sale, the senior vice president now owns 155,949 shares in the company, valued at approximately $959,086.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO John F. Cooney sold 30,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $6.00, for a total transaction of $180,000.00. Following the sale, the chief accounting officer now owns 64,559 shares in the company, valued at approximately $387,354. The disclosure for this sale can be found here. Insiders sold 198,497 shares of company stock worth $1,223,182 in the last ninety days. Insiders own 10.60% of the company’s stock.
Institutional Investors Weigh In On Destination XL Group
Several large investors have recently made changes to their positions in DXLG. UBS Group AG boosted its holdings in Destination XL Group by 245.2% during the third quarter. UBS Group AG now owns 5,920 shares of the company’s stock worth $32,000 after buying an additional 4,205 shares in the last quarter. McNamara Financial Services Inc. bought a new position in shares of Destination XL Group during the 3rd quarter valued at $63,000. SG Americas Securities LLC acquired a new position in Destination XL Group in the 2nd quarter valued at $40,000. Lazard Asset Management LLC acquired a new position in Destination XL Group in the 3rd quarter valued at $65,000. Finally, Brendel Financial Advisors LLC acquired a new position in Destination XL Group in the 1st quarter valued at $62,000. Institutional investors and hedge funds own 62.60% 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 and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.
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