GSA Capital Partners LLP Trims Stock Holdings in Destination XL Group, Inc. (NASDAQ:DXLG)

GSA Capital Partners LLP reduced its position in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 48.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,136 shares of the company’s stock after selling 81,381 shares during the quarter. GSA Capital Partners LLP owned about 0.15% of Destination XL Group worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in Destination XL Group by 81.1% during the 1st quarter. BNP Paribas Financial Markets now owns 28,261 shares of the company’s stock valued at $102,000 after acquiring an additional 12,656 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Destination XL Group by 7.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 88,626 shares of the company’s stock valued at $261,000 after acquiring an additional 6,300 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Destination XL Group during the 3rd quarter valued at $327,000. Bank of New York Mellon Corp boosted its position in Destination XL Group by 7.3% during 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. Finally, Long Focus Capital Management LLC boosted its position in shares of Destination XL Group by 19.0% in the 2nd 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 in the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DXLG. StockNews.com cut Destination XL Group from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. DA Davidson lowered their price objective 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 DXLG stock opened at $2.32 on Friday. The firm has a market capitalization of $135.16 million, a price-to-earnings ratio of 9.67 and a beta of 1.32. The business has a fifty day moving average of $2.80 and a 200 day moving average of $3.13. Destination XL Group, Inc. has a 1 year low of $2.19 and a 1 year high of $4.76.

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 analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $124.82 million during the quarter. Destination XL Group had a return on equity of 11.10% and a net margin of 3.11%.

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.