Sei Investments Co. Invests $76,000 in Destination XL Group, Inc. (NASDAQ:DXLG)

Sei Investments Co. bought a new stake in shares of Destination XL Group, Inc. (NASDAQ:DXLG) during the 4th quarter, HoldingsChannel reports. The firm bought 28,271 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Destination XL Group by 6.0% in the 4th quarter. American Century Companies Inc. now owns 1,508,579 shares of the company’s stock valued at $4,058,000 after buying an additional 86,043 shares during the last quarter. Barclays PLC lifted 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 worth $207,000 after acquiring an additional 51,341 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in 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 purchasing an additional 19,005 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Destination XL Group by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,749 shares of the company’s stock valued at $411,000 after purchasing an additional 11,062 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Destination XL Group by 84.0% during the 4th quarter. Intech Investment Management LLC now owns 23,922 shares of the company’s stock worth $64,000 after purchasing an additional 10,923 shares during the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

Destination XL Group Stock Performance

DXLG opened at $1.07 on Friday. The company has a market capitalization of $57.27 million, a P/E ratio of 7.13 and a beta of 0.87. The company has a 50-day moving average of $1.94 and a 200-day moving average of $2.44. Destination XL Group, Inc. has a 1-year low of $1.06 and a 1-year high of $3.93.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $120.93 million. As a group, sell-side analysts expect that Destination XL Group, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their target price 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.