SG Americas Securities LLC Invests $3.01 Million in Destination XL Group, Inc. (NASDAQ:DXLG)

SG Americas Securities LLC acquired a new position in Destination XL Group, Inc. (NASDAQ:DXLG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,022,459 shares of the company's stock, valued at approximately $3,006,000. SG Americas Securities LLC owned about 1.76% of Destination XL Group at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DXLG. Fund 1 Investments LLC increased its position in shares of Destination XL Group by 144.3% in the fourth quarter. Fund 1 Investments LLC now owns 5,239,180 shares of the company's stock worth $23,052,000 after acquiring an additional 3,094,183 shares in the last quarter. Vanguard Group Inc. lifted its stake in Destination XL Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 2,926,482 shares of the company's stock valued at $10,535,000 after acquiring an additional 22,809 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Destination XL Group by 81.1% in the first quarter. BNP Paribas Financial Markets now owns 28,261 shares of the company's stock worth $102,000 after buying an additional 12,656 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Destination XL Group by 8.1% in the first quarter. Empowered Funds LLC now owns 55,808 shares of the company's stock worth $201,000 after buying an additional 4,200 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of Destination XL Group by 1.9% in the first quarter. Hillsdale Investment Management Inc. now owns 584,860 shares of the company's stock worth $2,105,000 after buying an additional 10,900 shares during the last quarter. Institutional investors and hedge funds own 73.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DXLG shares. DA Davidson reduced 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 cut shares of Destination XL Group from a "buy" rating to a "hold" rating in a research note on Friday.

Destination XL Group Trading Down 2.4 %

NASDAQ:DXLG traded down $0.07 during trading hours on Monday, hitting $2.81. 221,642 shares of the company traded hands, compared to its average volume of 320,680. The stock has a market capitalization of $163.64 million, a price-to-earnings ratio of 7.39 and a beta of 1.30. Destination XL Group, Inc. has a twelve month low of $2.19 and a twelve month high of $4.90. The firm has a 50-day moving average of $2.91 and a 200 day moving average of $3.27.

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

Destination XL Group Profile

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.