Destination XL Group, Inc. (NASDAQ:DXLG) Major Shareholder Fund 1 Investments, Llc Sells 225,000 Shares of Stock

Destination XL Group, Inc. (NASDAQ:DXLG) major shareholder Fund 1 Investments, Llc sold 225,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $3.15, for a total value of $708,750.00. Following the transaction, the insider now owns 5,691,577 shares of the company’s stock, valued at $17,928,467.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Destination XL Group Stock Performance

Shares of DXLG opened at $3.24 on Friday. The company’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $3.96. Destination XL Group, Inc. has a 1 year low of $3.12 and a 1 year high of $5.36. The stock has a market capitalization of $187.89 million, a PE ratio of 7.53 and a beta of 1.37.

Destination XL Group (NASDAQ:DXLG) last released its earnings results on Thursday, March 21st. The company reported $0.10 earnings per share (EPS) for the quarter. Destination XL Group had a net margin of 5.34% and a return on equity of 21.84%. The company had revenue of $137.14 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Destination XL Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DXLG. SG Americas Securities LLC acquired a new stake in Destination XL Group in the third quarter valued at approximately $112,000. Bank of New York Mellon Corp grew its stake in shares of Destination XL Group by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 323,434 shares of the company’s stock worth $1,449,000 after purchasing an additional 3,410 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Destination XL Group by 46.5% in the third quarter. Principal Financial Group Inc. now owns 24,486 shares of the company’s stock valued at $110,000 after buying an additional 7,774 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its stake in Destination XL Group by 173.0% in the third quarter. Campbell & CO Investment Adviser LLC now owns 110,651 shares of the company’s stock valued at $496,000 after buying an additional 70,114 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in Destination XL Group by 34.7% during the 3rd quarter. WINTON GROUP Ltd now owns 55,208 shares of the company’s stock worth $247,000 after buying an additional 14,210 shares during the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

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.