Short Interest in Destination XL Group, Inc. (NASDAQ:DXLG) Expands By 10.7%

Destination XL Group, Inc. (NASDAQ:DXLG) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,770,000 shares, an increase of 10.7% from the August 15th total of 5,210,000 shares. Based on an average daily volume of 336,600 shares, the days-to-cover ratio is presently 17.1 days. Approximately 10.9% of the company’s stock are sold short.

Institutional Trading of Destination XL Group

A number of hedge funds and other institutional investors have recently made changes to their positions in DXLG. Long Focus Capital Management LLC grew its stake in Destination XL Group by 19.0% during the 2nd quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock worth $1,594,000 after buying an additional 70,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Destination XL Group by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock worth $7,375,000 after acquiring an additional 18,952 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Destination XL Group by 15.4% in the 2nd quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock valued at $4,364,000 after acquiring an additional 159,943 shares during the period. Bank of New York Mellon Corp raised its position in Destination XL Group by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock valued at $1,282,000 after purchasing an additional 23,835 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Destination XL Group by 1.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 584,860 shares of the company’s stock worth $2,105,000 after purchasing an additional 10,900 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

Destination XL Group Stock Up 0.4 %

DXLG traded up $0.01 on Wednesday, reaching $2.82. The company’s stock had a trading volume of 41,768 shares, compared to its average volume of 307,009. The company has a market capitalization of $164.22 million, a price-to-earnings ratio of 7.39 and a beta of 1.29. Destination XL Group has a fifty-two week low of $2.19 and a fifty-two week high of $4.90. The stock has a 50 day moving average of $3.11 and a two-hundred day moving average of $3.35.

Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Thursday, August 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $124.82 million during the quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on DXLG. DA Davidson decreased their target price on Destination XL Group from $6.00 to $4.00 and set a “buy” rating for the company in a report on Friday, August 30th. Craig Hallum reduced their target price on shares of Destination XL Group from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Finally, StockNews.com cut shares of Destination XL Group from a “buy” rating to a “hold” rating in a report on Monday, September 2nd.

Destination XL Group Company Profile

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.