Prescott Group Capital Management L.L.C. Purchases New Stake in Destination XL Group, Inc. $DXLG

Prescott Group Capital Management L.L.C. purchased a new stake in shares of Destination XL Group, Inc. (NASDAQ:DXLG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,728,439 shares of the company’s stock, valued at approximately $1,589,000. Prescott Group Capital Management L.L.C. owned 3.16% of Destination XL Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in Destination XL Group by 24.4% during the second quarter. Bank of America Corp DE now owns 42,894 shares of the company’s stock valued at $48,000 after buying an additional 8,404 shares during the period. Jane Street Group LLC grew its position in Destination XL Group by 32.9% during the first quarter. Jane Street Group LLC now owns 63,044 shares of the company’s stock valued at $92,000 after buying an additional 15,593 shares during the period. Bridgeway Capital Management LLC grew its position in Destination XL Group by 7.2% during the second quarter. Bridgeway Capital Management LLC now owns 413,038 shares of the company’s stock valued at $458,000 after buying an additional 27,651 shares during the period. Two Sigma Investments LP grew its position in Destination XL Group by 64.8% during the third quarter. Two Sigma Investments LP now owns 136,703 shares of the company’s stock valued at $179,000 after buying an additional 53,773 shares during the period. Finally, XTX Topco Ltd bought a new position in Destination XL Group during the second quarter valued at about $72,000. Institutional investors own 73.49% of the company’s stock.

Destination XL Group Stock Up 3.3%

Shares of NASDAQ:DXLG opened at $0.71 on Thursday. The firm has a market capitalization of $38.79 million, a PE ratio of -1.07 and a beta of 1.23. Destination XL Group, Inc. has a twelve month low of $0.44 and a twelve month high of $1.69. The company has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.75.

Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Thursday, March 19th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $112.10 million for the quarter, compared to the consensus estimate of $112.32 million. Destination XL Group had a negative return on equity of 8.96% and a negative net margin of 8.25%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $1.50 price target on shares of Destination XL Group in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1.50.

Destination XL Group Company Profile

Destination XL Group, Inc (NASDAQ: DXLG) is a specialty retailer focused on big and tall men’s apparel and accessories. Operating under its flagship DXL and Casual Male XL banners, the company offers an assortment of men’s clothing in larger sizes, including suits, dress shirts, casual wear, outerwear, activewear and underwear. In addition to its brick-and-mortar stores, Destination XL maintains a significant omnichannel presence through its e-commerce platform and direct mail catalog, enabling customers to shop for extended-size apparel across North America.

Founded in 1976 and headquartered in Canton, Massachusetts, the company began its operations as Casual Male XL and over time evolved its retail concept to the Destination XL format, which emphasizes an elevated, destination-style shopping experience.