Royce & Associates LP Trims Stock Holdings in Destination XL Group, Inc. (NASDAQ:DXLG)

Royce & Associates LP lowered its stake in shares of Destination XL Group, Inc. (NASDAQ:DXLG - Free Report) by 31.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,392,543 shares of the company's stock after selling 639,847 shares during the quarter. Royce & Associates LP owned about 2.39% of Destination XL Group worth $4,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Destination XL Group in the 3rd quarter worth $3,006,000. Vanguard Group Inc. raised its stake in shares of Destination XL Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 2,926,482 shares of the company's stock worth $10,535,000 after purchasing an additional 22,809 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Destination XL Group by 81.1% during the first quarter. BNP Paribas Financial Markets now owns 28,261 shares of the company's stock worth $102,000 after purchasing an additional 12,656 shares during the period. Empowered Funds LLC boosted its position in Destination XL Group by 8.1% in the first quarter. Empowered Funds LLC now owns 55,808 shares of the company's stock valued at $201,000 after buying an additional 4,200 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Destination XL Group by 15.4% in the 2nd quarter. American Century Companies Inc. now owns 1,198,911 shares of the company's stock worth $4,364,000 after buying an additional 159,943 shares during the period. 73.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DXLG has been the subject of several research reports. DA Davidson decreased their price objective on shares of Destination XL Group from $6.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, August 30th. StockNews.com downgraded shares of Destination XL Group from a "buy" rating to a "hold" rating in a research report on Friday, October 4th.

Destination XL Group Price Performance

NASDAQ:DXLG traded down $0.23 during trading hours on Tuesday, reaching $2.57. The company had a trading volume of 373,605 shares, compared to its average volume of 310,195. Destination XL Group, Inc. has a 1-year low of $2.19 and a 1-year high of $4.76. The business's 50 day moving average price is $2.81 and its 200-day moving average price is $3.15. The firm has a market cap of $149.73 million, a PE ratio of 10.71 and a beta of 1.32.

Destination XL Group (NASDAQ:DXLG - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.05). Destination XL Group had a return on equity of 11.10% and a net margin of 3.11%. The firm had revenue of $124.82 million for the quarter.

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.