ICM Asset Management Inc. WA lifted its position in Destination XL Group Inc (NASDAQ:DXLG) by 2.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,692,827 shares of the specialty retailer’s stock after buying an additional 42,557 shares during the period. Destination XL Group makes up about 3.0% of ICM Asset Management Inc. WA’s portfolio, making the stock its 9th biggest holding. ICM Asset Management Inc. WA’s holdings in Destination XL Group were worth $4,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Roumell Asset Management LLC grew its holdings in shares of Destination XL Group by 15.5% in the second quarter. Roumell Asset Management LLC now owns 938,936 shares of the specialty retailer’s stock valued at $2,113,000 after purchasing an additional 126,306 shares during the period. Cannell Capital LLC grew its holdings in shares of Destination XL Group by 28.7% in the second quarter. Cannell Capital LLC now owns 4,690,579 shares of the specialty retailer’s stock valued at $10,554,000 after purchasing an additional 1,047,192 shares during the period. Finally, Prescott Group Capital Management L.L.C. grew its holdings in shares of Destination XL Group by 26.2% in the second quarter. Prescott Group Capital Management L.L.C. now owns 6,013,025 shares of the specialty retailer’s stock valued at $13,529,000 after purchasing an additional 1,250,000 shares during the period. 77.51% of the stock is owned by hedge funds and other institutional investors.

Shares of DXLG traded down $0.09 during mid-day trading on Thursday, reaching $2.69. The stock had a trading volume of 200 shares, compared to its average volume of 103,864. The company has a current ratio of 1.17, a quick ratio of 0.19 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $122.96 million, a P/E ratio of -10.69 and a beta of 0.97. Destination XL Group Inc has a 52-week low of $1.45 and a 52-week high of $3.05.

Destination XL Group (NASDAQ:DXLG) last announced its earnings results on Thursday, August 30th. The specialty retailer reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. The company had revenue of $122.21 million during the quarter. Destination XL Group had a negative net margin of 2.81% and a negative return on equity of 11.69%. Equities research analysts predict that Destination XL Group Inc will post -0.15 earnings per share for the current fiscal year.

Separately, Lake Street Capital set a $4.00 price objective on shares of Destination XL Group and gave the company a “buy” rating in a report on Thursday, August 30th.

Destination XL Group Company Profile

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; casual clothing; and lifestyle products comprising chairs, outdoor accessories, travel accessories, bed and bath products, and fitness equipment.

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Institutional Ownership by Quarter for Destination XL Group (NASDAQ:DXLG)

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