Destination XL Group (NASDAQ:DXLG) Stock Price Down 0.4% – Here’s What Happened

Destination XL Group, Inc. (NASDAQ:DXLG) was down 0.4% during mid-day trading on Friday . The company traded as low as $2.36 and last traded at $2.36. Approximately 135,768 shares were traded during trading, a decline of 17% from the average daily volume of 163,005 shares. The stock had previously closed at $2.37.

Analyst Ratings Changes

Separately, DA Davidson decreased their price target on Destination XL Group from $3.50 to $3.00 and set a “buy” rating for the company in a report on Tuesday, December 24th.

Destination XL Group Trading Down 0.4 %

The company has a market capitalization of $128.17 million, a PE ratio of 15.73 and a beta of 1.26. The stock has a fifty day simple moving average of $2.64 and a 200-day simple moving average of $2.72.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Friday, November 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. During the same period in the previous year, the company earned $0.06 EPS. As a group, equities research analysts predict that Destination XL Group, Inc. will post 0.08 EPS for the current year.

Institutional Trading of Destination XL Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Destination XL Group by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,235,802 shares of the company’s stock valued at $3,325,000 after purchasing an additional 4,261 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Destination XL Group by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 15,091 shares of the company’s stock valued at $41,000 after purchasing an additional 4,967 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Destination XL Group by 0.5% in the 4th quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock valued at $2,765,000 after purchasing an additional 5,349 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Destination XL Group by 7.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 88,626 shares of the company’s stock valued at $261,000 after purchasing an additional 6,300 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Destination XL Group by 0.6% in the 3rd quarter. State Street Corp now owns 1,058,907 shares of the company’s stock valued at $3,113,000 after purchasing an additional 6,300 shares during the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.

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.