StockNews.com Lowers Destination XL Group (NASDAQ:DXLG) to Hold

StockNews.com downgraded shares of Destination XL Group (NASDAQ:DXLGFree Report) from a buy rating to a hold rating in a research report report published on Tuesday.

Separately, Craig Hallum downgraded shares of Destination XL Group from a buy rating to a hold rating and set a $4.50 price target on the stock. in a research report on Monday, November 20th.

Read Our Latest Research Report on DXLG

Destination XL Group Stock Down 0.5 %

Destination XL Group stock opened at $3.72 on Tuesday. The firm has a 50-day moving average price of $4.00 and a two-hundred day moving average price of $4.21. The firm has a market capitalization of $223.87 million, a price-to-earnings ratio of 7.75 and a beta of 1.32. Destination XL Group has a 52-week low of $3.62 and a 52-week high of $6.32.

Insider Buying and Selling

In related news, General Counsel Robert S. Molloy sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $4.01, for a total value of $80,200.00. Following the sale, the general counsel now directly owns 240,409 shares in the company, valued at approximately $964,040.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Destination XL Group

A number of large investors have recently made changes to their positions in the company. Wolf Hill Capital Management LP raised its holdings in shares of Destination XL Group by 35.9% during the first quarter. Wolf Hill Capital Management LP now owns 5,241,146 shares of the company’s stock valued at $28,879,000 after acquiring an additional 1,384,516 shares during the period. Fund 1 Investments LLC raised its holdings in shares of Destination XL Group by 144.3% during the fourth quarter. Fund 1 Investments LLC now owns 5,239,180 shares of the company’s stock valued at $23,052,000 after acquiring an additional 3,094,183 shares during the period. BlackRock Inc. raised its holdings in shares of Destination XL Group by 4.7% during the second quarter. BlackRock Inc. now owns 3,819,885 shares of the company’s stock valued at $18,717,000 after acquiring an additional 170,533 shares during the period. Vanguard Group Inc. raised its holdings in shares of Destination XL Group by 21.8% during the third quarter. Vanguard Group Inc. now owns 2,962,535 shares of the company’s stock valued at $16,057,000 after acquiring an additional 531,228 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Destination XL Group by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,980,150 shares of the company’s stock valued at $8,714,000 after purchasing an additional 290,251 shares in the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.

Destination XL Group Company Profile

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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.

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