AQR Capital Management LLC Sells 425,915 Shares of Destination XL Group, Inc. (NASDAQ:DXLG)

AQR Capital Management LLC cut its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 59.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 291,303 shares of the company’s stock after selling 425,915 shares during the period. AQR Capital Management LLC owned approximately 0.50% of Destination XL Group worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Destination XL Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,926,482 shares of the company’s stock valued at $10,535,000 after purchasing an additional 22,809 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Destination XL Group by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock valued at $7,375,000 after buying an additional 18,952 shares during the period. American Century Companies Inc. increased its position in shares of Destination XL Group by 15.4% during the second quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock worth $4,364,000 after acquiring an additional 159,943 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Destination XL Group by 1.9% during the first quarter. Hillsdale Investment Management Inc. now owns 584,860 shares of the company’s stock worth $2,105,000 after acquiring an additional 10,900 shares during the period. Finally, Bank of New York Mellon Corp lifted 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 acquiring an additional 23,835 shares in the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on DXLG. StockNews.com downgraded Destination XL Group from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. DA Davidson reduced their price target on Destination XL Group from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, August 30th.

Destination XL Group Price Performance

Shares of NASDAQ DXLG opened at $2.88 on Friday. Destination XL Group, Inc. has a fifty-two week low of $2.19 and a fifty-two week high of $4.90. The stock has a market capitalization of $167.72 million, a price-to-earnings ratio of 7.58 and a beta of 1.30. The business has a 50-day moving average of $2.83 and a 200-day moving average of $3.25.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). Destination XL Group had a return on equity of 11.10% and a net margin of 3.11%. The company had revenue of $124.82 million for the quarter.

About Destination XL Group

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.