Destination XL Group (NASDAQ:DXLG) Rating Increased to Buy at StockNews.com

Destination XL Group (NASDAQ:DXLG) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other equities research analysts have also issued reports on DXLG. DA Davidson dropped their price target 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. Craig Hallum dropped their price target on Destination XL Group from $3.50 to $3.00 and set a “hold” rating for the company in a research report on Friday, May 31st.

Destination XL Group Stock Performance

Shares of DXLG stock opened at $2.92 on Thursday. The stock’s fifty day moving average is $3.00 and its two-hundred day moving average is $3.31. The firm has a market capitalization of $170.05 million, a P/E ratio of 7.68 and a beta of 1.29. Destination XL Group has a fifty-two week low of $2.19 and a fifty-two week high of $4.90.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings data 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 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%.

Institutional Trading of Destination XL Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fund 1 Investments LLC increased its position in shares of Destination XL Group by 144.3% during the fourth quarter. Fund 1 Investments LLC now owns 5,239,180 shares of the company’s stock valued at $23,052,000 after acquiring an additional 3,094,183 shares during the last quarter. BNP Paribas Financial Markets raised its position in Destination XL Group by 81.1% in the first quarter. BNP Paribas Financial Markets now owns 28,261 shares of the company’s stock valued at $102,000 after purchasing an additional 12,656 shares during the period. GSA Capital Partners LLP lifted its stake in Destination XL Group by 60.5% during 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 in the last quarter. Empowered Funds LLC boosted its position in shares of Destination XL Group by 8.1% during the first quarter. Empowered Funds LLC now owns 55,808 shares of the company’s stock worth $201,000 after buying an additional 4,200 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Destination XL Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 2,926,482 shares of the company’s stock valued at $10,535,000 after buying an additional 22,809 shares in the last quarter. 73.49% of the stock is currently 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.