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

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

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

Destination XL Group Stock Up 4.3 %

Shares of NASDAQ:DXLG opened at $2.91 on Tuesday. The company’s 50-day moving average price is $2.64 and its 200 day moving average price is $2.97. The company has a market cap of $158.03 million, a PE ratio of 19.40 and a beta of 1.30. Destination XL Group has a fifty-two week low of $2.15 and a fifty-two week high of $4.68.

Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings results on Friday, November 22nd. The company reported ($0.03) earnings per share 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 prior year, the firm posted $0.06 EPS.

Institutional Investors Weigh In On Destination XL Group

A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Destination XL Group by 270.2% during the 3rd quarter. Barclays PLC now owns 70,343 shares of the company’s stock valued at $207,000 after purchasing an additional 51,341 shares during the period. Jane Street Group LLC raised its position in Destination XL Group by 19.7% in the third quarter. Jane Street Group LLC now owns 64,253 shares of the company’s stock worth $189,000 after acquiring an additional 10,562 shares in the last quarter. State Street Corp lifted its holdings in Destination XL Group by 0.6% in the 3rd quarter. State Street Corp now owns 1,058,907 shares of the company’s stock valued at $3,113,000 after acquiring an additional 6,300 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Destination XL Group during the 3rd quarter valued at about $2,940,000. Finally, Intech Investment Management LLC acquired a new position in shares of Destination XL Group in the 3rd quarter worth approximately $38,000. 73.49% of the stock is currently owned by institutional investors and hedge funds.

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.