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

Destination XL Group (NASDAQ:DXLG - Free Report) had its target price cut by DA Davidson from $3.50 to $3.00 in a research note published on Tuesday morning,Benzinga reports. They currently have 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 Performance

Shares of NASDAQ DXLG traded up $0.18 during midday trading on Tuesday, reaching $2.79. The company's stock had a trading volume of 406,280 shares, compared to its average volume of 310,204. The business's 50 day moving average price is $2.65 and its two-hundred day moving average price is $2.98. Destination XL Group has a fifty-two week low of $2.15 and a fifty-two week high of $4.68. The company has a market cap of $151.52 million, a P/E ratio of 18.60 and a beta of 1.30.

Destination XL Group (NASDAQ:DXLG - Get Free Report) last issued 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 return on equity of 7.21% and a net margin of 1.98%. During the same quarter in the prior year, the company posted $0.06 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Destination XL Group by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company's stock worth $1,282,000 after acquiring an additional 23,835 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Destination XL Group by 15.4% during the second quarter. American Century Companies Inc. now owns 1,198,911 shares of the company's stock valued at $4,364,000 after acquiring an additional 159,943 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Destination XL Group by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company's stock worth $7,375,000 after purchasing an additional 18,952 shares during the period. Long Focus Capital Management LLC raised its position in shares of Destination XL Group by 19.0% during the second quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company's stock worth $1,594,000 after purchasing an additional 70,000 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Destination XL Group in the 3rd quarter worth $3,006,000. 73.49% of the stock is 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.