StockNews.com cut shares of Destination XL Group (NASDAQ:DXLG – Free Report) from a buy rating to a hold rating in a research note released on Friday morning.
Separately, DA Davidson cut their price target on shares of Destination XL Group from $6.00 to $4.00 and set a buy rating on the stock in a research note on Friday, August 30th.
View Our Latest Report on Destination XL Group
Destination XL Group Stock Performance
Destination XL Group (NASDAQ:DXLG – Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Destination XL Group had a net margin of 3.11% and a return on equity of 11.10%. The business had revenue of $124.82 million during the quarter.
Hedge Funds Weigh In On Destination XL Group
Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings 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 buying an additional 12,656 shares during the period. Empowered Funds LLC raised its stake in shares of Destination XL Group by 8.1% in the 1st quarter. Empowered Funds LLC now owns 55,808 shares of the company’s stock valued at $201,000 after acquiring an additional 4,200 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Destination XL Group by 60.5% during the 1st quarter. GSA Capital Partners LLP now owns 253,516 shares of the company’s stock valued at $913,000 after acquiring an additional 95,606 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Destination XL Group by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock worth $1,282,000 after purchasing an additional 23,835 shares during the period. Finally, Long Focus Capital Management LLC increased its holdings in Destination XL Group by 19.0% in the 2nd quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock valued at $1,594,000 after purchasing an additional 70,000 shares in the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.
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.
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