Destination XL Group (NASDAQ:DXLG) PT Raised to $9.00 at DA Davidson

Destination XL Group (NASDAQ:DXLGGet Rating) had its target price lifted by DA Davidson to $9.00 in a research report released on Monday morning, Stock Target Advisor reports.

DXLG has been the subject of a number of other reports. StockNews.com started coverage on shares of Destination XL Group in a research report on Wednesday, October 12th. They issued a buy rating for the company. Craig Hallum increased their price objective on shares of Destination XL Group to $10.50 in a research note on Monday.

Destination XL Group Stock Performance

Shares of DXLG opened at $7.10 on Monday. The company has a market capitalization of $438.50 million, a PE ratio of 5.26 and a beta of 1.54. The stock has a fifty day moving average of $6.24 and a two-hundred day moving average of $5.52. Destination XL Group has a fifty-two week low of $3.27 and a fifty-two week high of $8.07.

Destination XL Group (NASDAQ:DXLGGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.32 earnings per share for the quarter. Destination XL Group had a net margin of 16.94% and a return on equity of 59.46%. The firm had revenue of $144.63 million during the quarter.

Insider Buying and Selling

In related news, CAO John F. Cooney sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $6.00, for a total transaction of $180,000.00. Following the completion of the sale, the chief accounting officer now directly owns 64,559 shares in the company, valued at $387,354. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Francis C. Chane sold 52,389 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $6.15, for a total transaction of $322,192.35. Following the transaction, the senior vice president now owns 155,949 shares in the company, valued at approximately $959,086.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John F. Cooney sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $6.00, for a total transaction of $180,000.00. Following the transaction, the chief accounting officer now owns 64,559 shares in the company, valued at approximately $387,354. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,497 shares of company stock worth $1,223,182. Corporate insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Destination XL Group by 17.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 406,135 shares of the company’s stock valued at $1,376,000 after purchasing an additional 60,983 shares during the last quarter. Gyroscope Capital Management Group LLC bought a new stake in shares of Destination XL Group in the second quarter worth $203,000. GSA Capital Partners LLP bought a new stake in shares of Destination XL Group in the first quarter worth $456,000. Verition Fund Management LLC bought a new stake in Destination XL Group during the first quarter worth $244,000. Finally, Cannell & Co. bought a new stake in Destination XL Group during the first quarter worth $72,000. 62.60% of the stock is currently owned by institutional investors and hedge funds.

Destination XL Group Company Profile

(Get Rating)

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 and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.

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