Destination XL Group (NASDAQ:DXLG - Get Free Report) had its target price reduced by DA Davidson from $3.00 to $2.50 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price target indicates a potential upside of 55.76% from the company's current price.
Destination XL Group Stock Performance
Destination XL Group stock traded down $0.11 during mid-day trading on Friday, reaching $1.61. 171,142 shares of the company were exchanged, compared to its average volume of 274,467. The firm has a market cap of $87.16 million, a P/E ratio of 10.70 and a beta of 1.15. The business has a fifty day moving average of $2.39 and a 200 day moving average of $2.59. Destination XL Group has a 12-month low of $1.65 and a 12-month high of $3.93.
Destination XL Group (NASDAQ:DXLG - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. The firm had revenue of $119.20 million during the quarter, compared to analysts' expectations of $120.93 million. Sell-side analysts predict that Destination XL Group will post 0.08 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DXLG. Squarepoint Ops LLC purchased a new stake in shares of Destination XL Group during the fourth quarter worth about $86,000. ProShare Advisors LLC increased its stake in Destination XL Group by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 15,091 shares of the company's stock valued at $41,000 after purchasing an additional 4,967 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Destination XL Group by 100.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 155,875 shares of the company's stock worth $419,000 after buying an additional 78,015 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Destination XL Group by 19.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 438,340 shares of the company's stock worth $1,179,000 after buying an additional 69,952 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Destination XL Group by 41.5% during the fourth quarter. Bank of America Corp DE now owns 52,496 shares of the company's stock valued at $141,000 after buying an additional 15,398 shares during the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.
About Destination XL Group
(
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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. 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.
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