Charles Schwab Investment Management Inc. Trims Stake in Destination XL Group, Inc. (NASDAQ:DXLG)

Charles Schwab Investment Management Inc. lowered its position in Destination XL Group, Inc. (NASDAQ:DXLG) by 7.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,687 shares of the company’s stock after selling 11,301 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.24% of Destination XL Group worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Destination XL Group during the 3rd quarter worth approximately $3,006,000. American Century Companies Inc. increased its stake in Destination XL Group by 15.4% in the second quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock worth $4,364,000 after purchasing an additional 159,943 shares during the period. Dimensional Fund Advisors LP lifted 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 purchasing an additional 18,952 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Destination XL Group by 7.3% during the second 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 period. Finally, Long Focus Capital Management LLC grew its holdings in shares of Destination XL Group by 19.0% in the second quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock worth $1,594,000 after purchasing an additional 70,000 shares during the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Destination XL Group from a “buy” rating to a “hold” rating in a report on Friday, October 4th. DA Davidson decreased their price target on shares of Destination XL Group from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, August 30th.

Destination XL Group Price Performance

DXLG stock opened at $2.25 on Friday. Destination XL Group, Inc. has a 1-year low of $2.15 and a 1-year high of $4.76. The business has a 50-day moving average price of $2.67 and a 200 day moving average price of $3.01. The company has a market capitalization of $122.19 million, a P/E ratio of 15.00 and a beta of 1.30.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Friday, November 22nd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06). Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. During the same quarter in the prior year, the business posted $0.06 earnings per share.

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.