Destination XL Group (NASDAQ:DXLG) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Destination XL Group (NASDAQ:DXLG) from a hold rating to a buy rating in a research note released on Thursday morning.

A number of other equities research analysts have also issued reports on the stock. Craig Hallum cut their price target on shares of Destination XL Group from $3.50 to $3.00 and set a hold rating on the stock in a report on Friday, May 31st. DA Davidson cut their target price on shares of Destination XL Group from $6.00 to $4.00 and set a buy rating on the stock in a research note on Friday, August 30th.

Destination XL Group Stock Up 3.9 %

Shares of Destination XL Group stock opened at $2.92 on Thursday. The firm has a market cap of $170.05 million, a PE ratio of 7.68 and a beta of 1.29. Destination XL Group has a 12-month low of $2.19 and a 12-month high of $4.90. The company’s fifty day simple moving average is $2.99 and its two-hundred day simple moving average is $3.30.

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

Institutional Investors Weigh In On Destination XL Group

A number of large investors have recently modified their holdings of the stock. Long Focus Capital Management LLC boosted its stake 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 valued at $1,594,000 after purchasing an additional 70,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Destination XL Group by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock worth $7,375,000 after acquiring an additional 18,952 shares in the last quarter. American Century Companies Inc. boosted its stake in Destination XL Group by 15.4% during the second quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock worth $4,364,000 after acquiring an additional 159,943 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Destination XL Group by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock worth $1,282,000 after acquiring an additional 23,835 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Destination XL Group by 1.9% during the first quarter. Hillsdale Investment Management Inc. now owns 584,860 shares of the company’s stock worth $2,105,000 after acquiring an additional 10,900 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.

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.