DA Davidson Cuts Destination XL Group (NASDAQ:DXLG) Price Target to $2.50

Destination XL Group (NASDAQ:DXLG) had its price objective lowered by DA Davidson from $3.00 to $2.50 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Destination XL Group Stock Down 4.6 %

Shares of DXLG opened at $1.76 on Friday. The stock has a market capitalization of $95.58 million, a P/E ratio of 11.73 and a beta of 1.15. Destination XL Group has a twelve month low of $1.75 and a twelve month high of $3.93. The company has a 50 day moving average of $2.40 and a 200-day moving average of $2.59.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $120.93 million. Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. On average, sell-side analysts anticipate that Destination XL Group will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Destination XL Group

Several hedge funds have recently made changes to their positions in DXLG. Barclays PLC grew its stake in shares of Destination XL Group by 270.2% in the third quarter. Barclays PLC now owns 70,343 shares of the company’s stock valued at $207,000 after buying an additional 51,341 shares in the last quarter. State Street Corp grew its stake in shares of Destination XL Group by 0.6% in the third quarter. State Street Corp now owns 1,058,907 shares of the company’s stock valued at $3,113,000 after buying an additional 6,300 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Destination XL Group in the third quarter valued at $2,940,000. Exchange Traded Concepts LLC grew its stake in shares of Destination XL Group by 17.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 130,265 shares of the company’s stock valued at $350,000 after buying an additional 19,005 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Destination XL Group by 0.5% in the fourth quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock valued at $2,765,000 after buying an additional 5,349 shares in the last quarter. 73.49% of the stock is owned by institutional investors.

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.