Destination XL Group (NASDAQ:DXLG) Raised to Buy at StockNews.com

Destination XL Group (NASDAQ:DXLG) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

DXLG has been the subject of a number of other research reports. DA Davidson decreased their price target 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. Craig Hallum decreased their price target on shares of Destination XL Group from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Friday, May 31st.

Destination XL Group Stock Performance

Shares of DXLG stock opened at $2.92 on Thursday. The stock has a market capitalization of $170.05 million, a P/E ratio of 7.68 and a beta of 1.29. The company has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.31. Destination XL Group has a fifty-two week low of $2.19 and a fifty-two week high of $4.90.

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

Institutional Trading of Destination XL Group

Several institutional investors have recently modified their holdings of the stock. Long Focus Capital Management LLC lifted its position in shares of Destination XL Group by 19.0% during the 2nd quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock worth $1,594,000 after buying an additional 70,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Destination XL Group by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock worth $7,375,000 after buying an additional 18,952 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Destination XL Group by 15.4% during 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 last quarter. Bank of New York Mellon Corp lifted its position in shares of Destination XL Group by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock worth $1,282,000 after buying an additional 23,835 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Destination XL Group by 1.9% during the 1st 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. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Destination XL Group Company 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.