Destination XL Group (NASDAQ:DXLG) Price Target Lowered to $3.00 at DA Davidson

Destination XL Group (NASDAQ:DXLG) had its price objective reduced by DA Davidson from $3.50 to $3.00 in a research report report published on Tuesday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Separately, StockNews.com lowered Destination XL Group from a “buy” rating to a “hold” rating in a report on Friday, October 4th.

Destination XL Group Stock Performance

NASDAQ DXLG opened at $2.79 on Tuesday. The company’s 50-day simple moving average is $2.65 and its two-hundred day simple moving average is $2.98. Destination XL Group has a one year low of $2.15 and a one year high of $4.68. The company has a market capitalization of $151.52 million, a price-to-earnings ratio of 18.60 and a beta of 1.30.

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 net margin of 1.98% and a return on equity of 7.21%. During the same period in the previous year, the company earned $0.06 earnings per share.

Hedge Funds Weigh In On Destination XL Group

Several institutional investors and hedge funds have recently modified their holdings of DXLG. Intech Investment Management LLC acquired a new position in shares of Destination XL Group in the 3rd quarter valued at $38,000. Jane Street Group LLC grew its holdings 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 worth $189,000 after buying an additional 10,562 shares in the last quarter. Barclays PLC lifted its stake in Destination XL Group by 270.2% in the 3rd quarter. Barclays PLC now owns 70,343 shares of the company’s stock worth $207,000 after purchasing an additional 51,341 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Destination XL Group by 7.7% during the third quarter. Los Angeles Capital Management LLC now owns 88,626 shares of the company’s stock worth $261,000 after buying an additional 6,300 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in Destination XL Group during the third quarter worth about $327,000. Institutional investors and hedge funds own 73.49% of the company’s stock.

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.