Destination XL Group, Inc. (NASDAQ:DXLG) Position Trimmed by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC decreased its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,127,770 shares of the company's stock after selling 164,182 shares during the period. Pacific Ridge Capital Partners LLC owned about 2.08% of Destination XL Group worth $3,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DXLG. Intech Investment Management LLC bought a new stake in shares of Destination XL Group during the 3rd quarter valued at about $38,000. Sei Investments Co. acquired a new position in Destination XL Group in the fourth quarter valued at approximately $76,000. Jane Street Group LLC grew its holdings in shares of Destination XL Group by 19.7% during the third quarter. Jane Street Group LLC now owns 64,253 shares of the company's stock valued at $189,000 after purchasing an additional 10,562 shares during the last quarter. Barclays PLC raised its position in shares of Destination XL Group by 270.2% during the 3rd quarter. Barclays PLC now owns 70,343 shares of the company's stock worth $207,000 after purchasing an additional 51,341 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Destination XL Group by 69.6% in the 4th quarter. LPL Financial LLC now owns 79,701 shares of the company's stock worth $214,000 after purchasing an additional 32,701 shares during the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

Destination XL Group Stock Performance

Shares of DXLG traded up $0.02 during mid-day trading on Monday, reaching $1.47. 65,057 shares of the company's stock traded hands, compared to its average volume of 215,047. The business's 50-day moving average price is $2.30 and its 200-day moving average price is $2.56. The stock has a market capitalization of $78.41 million, a P/E ratio of 9.77 and a beta of 1.15. Destination XL Group, Inc. has a 12 month low of $1.42 and a 12 month high of $3.93.

Destination XL Group (NASDAQ:DXLG - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $119.20 million during the quarter, compared to the consensus estimate of $120.93 million. Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. Equities research analysts anticipate that Destination XL Group, Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price objective on Destination XL Group from $3.00 to $2.50 and set a "buy" rating for the company in a research note on Friday, March 21st.

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.