Destination XL Group (NASDAQ:DXLG) Stock Rating Upgraded by StockNews.com

Destination XL Group (NASDAQ:DXLGGet Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Destination XL Group Stock Performance

NASDAQ:DXLG opened at $3.49 on Thursday. The firm has a market capitalization of $202.38 million, a price-to-earnings ratio of 8.12 and a beta of 1.37. Destination XL Group has a 52-week low of $3.12 and a 52-week high of $5.36. The stock has a fifty day moving average of $3.40 and a 200 day moving average of $3.89.

Destination XL Group (NASDAQ:DXLGGet Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $137.14 million during the quarter. Destination XL Group had a return on equity of 21.84% and a net margin of 5.34%.

Insiders Place Their Bets

In other Destination XL Group news, major shareholder Fund 1 Investments, Llc sold 225,000 shares of Destination XL Group stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $3.15, for a total transaction of $708,750.00. Following the completion of the sale, the insider now owns 5,691,577 shares of the company’s stock, valued at $17,928,467.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Destination XL Group

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Destination XL Group in the 3rd quarter valued at about $112,000. Bank of New York Mellon Corp lifted its stake in shares of Destination XL Group by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 323,434 shares of the company’s stock valued at $1,449,000 after acquiring an additional 3,410 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Destination XL Group by 46.5% in the 3rd quarter. Principal Financial Group Inc. now owns 24,486 shares of the company’s stock valued at $110,000 after acquiring an additional 7,774 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of Destination XL Group by 173.0% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 110,651 shares of the company’s stock valued at $496,000 after acquiring an additional 70,114 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in shares of Destination XL Group by 34.7% in the 3rd quarter. WINTON GROUP Ltd now owns 55,208 shares of the company’s stock valued at $247,000 after acquiring an additional 14,210 shares during the last quarter. Institutional investors own 73.49% of the company’s stock.

About Destination XL Group

(Get Free Report)

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.

Read More

Receive News & Ratings for Destination XL Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Destination XL Group and related companies with MarketBeat.com's FREE daily email newsletter.