Destination XL Group (NASDAQ:DXLG) Price Target Cut to $2.50 by Analysts at DA Davidson

Destination XL Group (NASDAQ:DXLG) had its target price decreased by research analysts at DA Davidson from $3.00 to $2.50 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 35.50% from the company’s previous close.

Destination XL Group Stock Down 0.3 %

Shares of NASDAQ:DXLG traded down $0.01 during trading on Friday, reaching $1.85. 160,278 shares of the company traded hands, compared to its average volume of 277,344. The firm has a market cap of $100.20 million, a P/E ratio of 12.30 and a beta of 1.15. Destination XL Group has a 1-year low of $1.77 and a 1-year high of $3.93. The firm has a fifty day simple moving average of $2.42 and a 200 day simple moving average of $2.60.

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

Institutional Investors Weigh In On Destination XL Group

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Destination XL Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,235,802 shares of the company’s stock valued at $3,325,000 after acquiring an additional 4,261 shares during the period. ProShare Advisors LLC boosted its holdings in Destination XL Group by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,091 shares of the company’s stock valued at $41,000 after acquiring an additional 4,967 shares during the period. SG Americas Securities LLC boosted its holdings in Destination XL Group by 0.5% during the fourth quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock valued at $2,765,000 after acquiring an additional 5,349 shares during the period. State Street Corp boosted its holdings 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 valued at $3,113,000 after acquiring an additional 6,300 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Destination XL Group by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 31,451 shares of the company’s stock valued at $85,000 after acquiring an additional 6,850 shares during the period. 73.49% of the stock is currently owned by institutional investors.

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.