Destination XL Group, Inc. (NASDAQ:DXLG) Short Interest Update

Destination XL Group, Inc. (NASDAQ:DXLG) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,120,000 shares, a drop of 15.0% from the March 15th total of 3,670,000 shares. Based on an average daily trading volume, of 228,000 shares, the days-to-cover ratio is presently 13.7 days. Currently, 6.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Destination XL Group

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of Destination XL Group by 6.0% during the 4th quarter. American Century Companies Inc. now owns 1,508,579 shares of the company’s stock worth $4,058,000 after purchasing an additional 86,043 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Destination XL Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,235,802 shares of the company’s stock valued at $3,325,000 after buying an additional 4,261 shares during the period. State Street Corp grew its position in Destination XL Group by 0.6% during the third quarter. State Street Corp now owns 1,058,907 shares of the company’s stock worth $3,113,000 after buying an additional 6,300 shares in the last quarter. SG Americas Securities LLC increased its stake in Destination XL Group by 0.5% during the 4th quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock worth $2,765,000 after acquiring an additional 5,349 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in Destination XL Group by 19.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 438,340 shares of the company’s stock valued at $1,179,000 after acquiring an additional 69,952 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.

Destination XL Group Trading Up 0.6 %

Shares of DXLG traded up $0.01 during midday trading on Tuesday, reaching $0.96. The stock had a trading volume of 25,713 shares, compared to its average volume of 286,910. The firm has a 50 day simple moving average of $1.74 and a 200-day simple moving average of $2.36. The firm has a market cap of $51.28 million, a PE ratio of 6.39 and a beta of 0.87. Destination XL Group has a one year low of $0.90 and a one year high of $3.93.

Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings data on Thursday, March 20th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. The company had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $120.93 million. As a group, research analysts forecast that Destination XL Group will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price objective on shares of Destination XL Group from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Friday, March 21st.

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.