5,758,261 Shares in Destination XL Group, Inc. $DXLG Purchased by Fund 1 Investments LLC

Fund 1 Investments LLC acquired a new stake in Destination XL Group, Inc. (NASDAQ:DXLG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 5,758,261 shares of the company’s stock, valued at approximately $3,858,000. Destination XL Group accounts for 0.6% of Fund 1 Investments LLC’s holdings, making the stock its 26th biggest position. Fund 1 Investments LLC owned approximately 0.10% of Destination XL Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DXLG. AWM Investment Company Inc. acquired a new position in shares of Destination XL Group during the 2nd quarter worth approximately $6,298,000. Nantahala Capital Management LLC increased its holdings in Destination XL Group by 74.8% in the 3rd quarter. Nantahala Capital Management LLC now owns 4,505,000 shares of the company’s stock worth $5,902,000 after acquiring an additional 1,928,226 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in Destination XL Group in the 4th quarter worth $1,589,000. BlackRock Inc. acquired a new position in Destination XL Group during the second quarter worth $594,000. Finally, Bridgeway Capital Management LLC raised its position in Destination XL Group by 7.2% during the second quarter. Bridgeway Capital Management LLC now owns 413,038 shares of the company’s stock worth $458,000 after acquiring an additional 27,651 shares during the period. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Destination XL Group Trading Up 1.6%

DXLG stock opened at $0.63 on Thursday. The firm has a 50-day moving average of $0.62 and a two-hundred day moving average of $0.61. Destination XL Group, Inc. has a 12 month low of $0.43 and a 12 month high of $1.58. The company has a market cap of $34.82 million, a price-to-earnings ratio of -0.86 and a beta of 1.30.

Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Destination XL Group had a negative return on equity of 10.88% and a negative net margin of 9.22%.The business had revenue of $103.33 million for the quarter, compared to analysts’ expectations of $105.63 million.

Wall Street Analysts Forecast Growth

DXLG has been the topic of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $1.50 target price on shares of Destination XL Group in a research report on Thursday, June 4th. Weiss Ratings downgraded shares of Destination XL Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1.50.

About Destination XL Group

Destination XL Group, Inc (NASDAQ: DXLG) is a specialty retailer focused on big and tall men’s apparel and accessories. Operating under its flagship DXL and Casual Male XL banners, the company offers an assortment of men’s clothing in larger sizes, including suits, dress shirts, casual wear, outerwear, activewear and underwear. In addition to its brick-and-mortar stores, Destination XL maintains a significant omnichannel presence through its e-commerce platform and direct mail catalog, enabling customers to shop for extended-size apparel across North America.

Founded in 1976 and headquartered in Canton, Massachusetts, the company began its operations as Casual Male XL and over time evolved its retail concept to the Destination XL format, which emphasizes an elevated, destination-style shopping experience.