Destination XL Group, Inc. (NASDAQ:DXLG) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,500 shares of the company’s stock after selling 36,800 shares during the period. Renaissance Technologies LLC owned 0.49% of Destination XL Group worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Intech Investment Management LLC boosted its stake 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 period. Sei Investments Co. purchased a new stake in shares of Destination XL Group in the fourth quarter valued at about $76,000. Wells Fargo & Company MN boosted its stake in shares of Destination XL Group by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 31,451 shares of the company’s stock worth $85,000 after buying an additional 6,850 shares during the period. 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 worth $189,000 after buying an additional 10,562 shares during the last quarter. Finally, Barclays PLC increased its position in Destination XL Group by 270.2% in the 3rd quarter. Barclays PLC now owns 70,343 shares of the company’s stock valued at $207,000 after acquiring an additional 51,341 shares during the period. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Destination XL Group Stock Performance

Shares of Destination XL Group stock opened at $1.17 on Friday. Destination XL Group, Inc. has a one year low of $0.90 and a one year high of $3.93. The company has a market cap of $62.62 million, a P/E ratio of 7.80 and a beta of 0.87. The firm has a fifty day moving average of $1.49 and a two-hundred day moving average of $2.25.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm 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%. As a group, equities analysts predict that Destination XL Group, Inc. will post 0.08 earnings per share for the current year.

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.