Acadian Asset Management LLC Has $94,000 Stock Holdings in Destination XL Group, Inc. (NASDAQ:DXLG)

Acadian Asset Management LLC reduced its position in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 95.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,296 shares of the company’s stock after selling 410,702 shares during the quarter. Acadian Asset Management LLC’s holdings in Destination XL Group were worth $94,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DXLG. Metropolitan Life Insurance Co NY increased its holdings in shares of Destination XL Group by 101.6% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,701 shares of the company’s stock valued at $25,000 after acquiring an additional 1,865 shares in the last quarter. UBS Group AG grew its position in Destination XL Group by 245.2% in the 3rd quarter. UBS Group AG now owns 5,920 shares of the company’s stock valued at $32,000 after purchasing an additional 4,205 shares during the period. Macquarie Group Ltd. bought a new stake in Destination XL Group during the 4th quarter valued at $32,000. Point72 Middle East FZE bought a new stake in Destination XL Group during the 4th quarter valued at $40,000. Finally, Quarry LP raised its holdings in Destination XL Group by 565.5% during the first quarter. Quarry LP now owns 11,234 shares of the company’s stock worth $62,000 after buying an additional 9,546 shares during the last quarter. Institutional investors own 76.01% of the company’s stock.

Destination XL Group Price Performance

DXLG opened at $4.16 on Tuesday. Destination XL Group, Inc. has a 1 year low of $3.68 and a 1 year high of $7.57. The company has a market capitalization of $251.22 million, a price-to-earnings ratio of 8.67 and a beta of 1.55. The firm’s fifty day moving average price is $4.36 and its two-hundred day moving average price is $4.58.

Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings results on Friday, November 17th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $119.19 million for the quarter. Destination XL Group had a return on equity of 28.95% and a net margin of 6.94%. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, equities analysts anticipate that Destination XL Group, Inc. will post 0.55 EPS for the current year.

Insider Activity at Destination XL Group

In other Destination XL Group news, Director Jack Boyle acquired 13,825 shares of Destination XL Group stock in a transaction on Wednesday, August 30th. The stock was purchased at an average price of $4.25 per share, for a total transaction of $58,756.25. Following the purchase, the director now directly owns 493,257 shares of the company’s stock, valued at $2,096,342.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Jack Boyle acquired 13,825 shares of Destination XL Group stock in a transaction on Wednesday, August 30th. The stock was acquired at an average cost of $4.25 per share, with a total value of $58,756.25. Following the completion of the acquisition, the director now owns 493,257 shares in the company, valued at $2,096,342.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Robert S. Molloy sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $4.34, for a total value of $86,800.00. Following the completion of the sale, the general counsel now owns 240,409 shares in the company, valued at $1,043,375.06. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DXLG. StockNews.com started coverage on shares of Destination XL Group in a research report on Thursday, October 5th. They set a “buy” rating for the company. Craig Hallum lowered Destination XL Group from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a report on Monday.

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 and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.