Destination XL Group, Inc. (DXLG) Trading Up 8.1%
Shares of Destination XL Group, Inc. (NASDAQ:DXLG) were up 8.1% during trading on Friday . The stock traded as high as $2.10 and last traded at $2.00, with a volume of 796,084 shares changing hands. The stock had previously closed at $1.85.
Several analysts have recently commented on DXLG shares. Zacks Investment Research raised shares of Destination XL Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. FBR & Co reaffirmed an “outperform” rating and set a $3.00 price target on shares of Destination XL Group in a research report on Tuesday, July 11th.
The stock’s market cap is $97.06 million. The company’s 50 day moving average is $1.84 and its 200-day moving average is $2.35.
Destination XL Group (NASDAQ:DXLG) last announced its earnings results on Thursday, August 24th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.03. Destination XL Group had a negative return on equity of 8.87% and a negative net margin of 2.75%. The firm had revenue of $121.13 million for the quarter, compared to analyst estimates of $123.57 million. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Destination XL Group, Inc. will post ($0.19) earnings per share for the current year.
In other news, Director Seymour Holtzman bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were purchased at an average price of $2.05 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now owns 4,196,064 shares in the company, valued at $8,601,931.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 31.46% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in DXLG. Susquehanna International Group LLP raised its stake in shares of Destination XL Group by 592.0% in the second quarter. Susquehanna International Group LLP now owns 108,467 shares of the specialty retailer’s stock worth $255,000 after buying an additional 92,793 shares during the period. Intrinsic Edge Capital Management LLC bought a new position in shares of Destination XL Group during the second quarter worth $369,000. Goldman Sachs Group Inc. raised its position in shares of Destination XL Group by 2,256.7% in the second quarter. Goldman Sachs Group Inc. now owns 300,238 shares of the specialty retailer’s stock worth $706,000 after buying an additional 287,498 shares during the period. White Pine Capital LLC raised its position in shares of Destination XL Group by 58.0% in the second quarter. White Pine Capital LLC now owns 481,119 shares of the specialty retailer’s stock worth $1,131,000 after buying an additional 176,600 shares during the period. Finally, LMR Partners LLP bought a new position in shares of Destination XL Group during the second quarter worth $363,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.
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About Destination XL Group
Destination XL Group, Inc is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. The Company operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL.
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