Nuveen LLC Purchases New Shares in Destination XL Group, Inc. $DXLG

Nuveen LLC purchased a new stake in Destination XL Group, Inc. (NASDAQ:DXLG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 185,850 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors also recently bought and sold shares of the stock. ProShare Advisors LLC raised its stake in Destination XL Group by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 15,091 shares of the company’s stock worth $41,000 after buying an additional 4,967 shares in the last quarter. Wells Fargo & Company MN raised its stake in Destination XL Group by 27.8% in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Destination XL Group by 43.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,334 shares of the company’s stock worth $63,000 after buying an additional 7,020 shares in the last quarter. Barclays PLC raised its stake in Destination XL Group by 14.6% in the fourth quarter. Barclays PLC now owns 80,598 shares of the company’s stock worth $216,000 after buying an additional 10,255 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Destination XL Group by 41.5% in the fourth quarter. Bank of America Corp DE now owns 52,496 shares of the company’s stock worth $141,000 after buying an additional 15,398 shares in the last quarter. 73.49% of the stock is owned by institutional investors.

Destination XL Group Stock Performance

Shares of NASDAQ DXLG opened at $1.24 on Friday. The company has a 50 day simple moving average of $1.29 and a two-hundred day simple moving average of $1.34. The company has a market capitalization of $66.81 million, a price-to-earnings ratio of -13.78 and a beta of 1.20. Destination XL Group, Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $3.10.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Destination XL Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $2.50.

Destination XL Group 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.