Charles Schwab Investment Management Inc. Acquires 11,062 Shares of Destination XL Group, Inc. (NASDAQ:DXLG)

Charles Schwab Investment Management Inc. raised its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,749 shares of the company’s stock after buying an additional 11,062 shares during the period. Charles Schwab Investment Management Inc. owned about 0.28% of Destination XL Group worth $411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in Destination XL Group by 0.5% during the 4th quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock valued at $2,765,000 after acquiring an additional 5,349 shares during the period. State Street Corp lifted its position in Destination XL Group by 0.6% in the third 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. Jane Street Group LLC boosted its stake in shares of Destination XL Group by 19.7% during the third quarter. Jane Street Group LLC now owns 64,253 shares of the company’s stock valued at $189,000 after purchasing an additional 10,562 shares during the period. Intech Investment Management LLC bought a new position in shares of Destination XL Group in the third quarter worth approximately $38,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Destination XL Group by 17.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 130,265 shares of the company’s stock worth $350,000 after buying an additional 19,005 shares during the period. 73.49% of the stock is owned by institutional investors.

Destination XL Group Stock Performance

NASDAQ DXLG opened at $1.46 on Tuesday. The stock has a market cap of $78.15 million, a P/E ratio of 9.73 and a beta of 1.15. Destination XL Group, Inc. has a fifty-two week low of $1.42 and a fifty-two week high of $3.93. The stock has a 50 day simple moving average of $2.27 and a two-hundred day simple moving average of $2.55.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Thursday, March 20th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. The company had revenue of $119.20 million during the quarter, compared to analyst estimates of $120.93 million. Sell-side analysts predict that Destination XL Group, Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

Separately, DA Davidson dropped their price target on shares of Destination XL Group from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, March 21st.

Destination XL Group 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.